5 lists that reveal the state of the recovery
Foreclosure starts at 7.5 year low
It's no new news that the housing market is improving as delinquency and foreclosure rates decline to levels not seen since October 2007 and 2008, respectively.
And on top of that, the share of loans in foreclosure is down nearly 37% year-over-year, and foreclosure starts are at a 7.5 year low.
Black Knight Financial Services, formerly the LPS Data & Analytics division, released its first look at March 2014 month-end mortgage performance statistics, which covers approximately 70% of the overall market.
The total U.S. delinquency rate — loans that are 30 or more days past due, but not in foreclosure — came in at -7.57% month-over-month and -16.29% year-over-year.
As of March, total U.S. foreclosure starts hit 88,100, a month-over-month change of -4.24% and a year-over-year change of -27.19%.
The number of properties that are 30 or more days past due, but not in foreclosure hit 2,770,000, while the number of properties that are 90 or more days past due, but not in foreclosure reached 1,199,000.
But despite the national trends, this changes on a state-by-state basis. So where does each state fall?
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