CORELOGIC: Foreclosure Rates in Huntington-Ashland Decrease

CORELOGIC: Foreclosure Rates in Huntington-Ashland Decrease

 

 Foreclosure rates in Huntington-Ashland decreased for the month of December over the same period last year, according to  data released Tuesday, Feb. 26, 2013 from CoreLogic, Irvine, CA.

 

The CoreLogic data reveals that the rate of Huntington-Ashland area foreclosures among outstanding mortgage loans was 2.34 percent for the month of December 2012, a decrease of 0.25 percentage points compared to December of 2011 when the rate was 2.59 percent. Foreclosure activity in Huntington-Ashland was lower than the national foreclosure rate, which was 2.96 percent for December 2012.

 

Also in Huntington-Ashland, the mortgage delinquency rate decreased. According to CoreLogic data for December 2012, 5.23 percent of mortgage loans were 90 days or more delinquent compared to 5.42 percent for the same period last year, representing a decrease of 0.19 percentage points.

 

Location 90+ Day Delinquency Rate December 2012 90+ Day Delinquency Rate December 2011 Percentage Point Change in 90+ Day Delinquency Rate Foreclosure Rate December 2012 Foreclosure Rate December 2011 Percentage Point Change in Foreclosure Rate
West Virginia 3.80% 4.17% -0.37% 1.21% 1.56% -0.35%
Huntington-Ashland, WV 5.23% 5.42% -0.19% 2.34% 2.59% -0.25%
US 6.40% 7.28% -0.88% 2.96% 3.43% -0.47%
Source: CoreLogic.

 

Huntington-Ashland, WV 90+ Day Delinquency Rate Foreclosure Rate
December 2012 5.23% 2.34%
November 2012 5.18% 2.35%
October 2012 5.16% 2.51%
September 2012 5.34% 2.75%
August 2012 5.34% 2.86%
July 2012 5.37% 2.79%
June 2012 5.26% 2.72%
May 2012 5.24% 2.81%
April 2012 5.16% 2.81%
March 2012 5.15% 2.74%
February 2012 5.27% 2.71%
January 2012 5.42% 2.75%
December 2011 5.42% 2.59%
November 2011 5.23% 2.54%
October 2011 5.11% 2.62%
September 2011 5.10% 2.55%
August 2011 5.12% 2.56%
July 2011 4.97% 2.47%
June 2011 4.94% 2.53%
May 2011 4.75% 2.41%
April 2011 4.76% 2.43%
March 2011 4.91% 2.51%
February 2011 5.14% 2.61%
January 2011 5.23% 2.53%
December 2010 5.14% 2.33%
November 2010 5.01% 2.26%
October 2010 5.08% 2.15%
September 2010 5.08% 2.17%
August 2010 4.95% 2.03%
July 2010 4.93% 1.95%
June 2010 4.90% 1.83%
May 2010 5.01% 1.96%
April 2010 5.00% 1.93%
March 2010 5.11% 1.87%
February 2010 5.37% 1.94%
January 2010 5.54% 1.99%
Source: CoreLogic.

*2009 data available upon request

Data Notes and Definitions

90+ Day Delinquency Rate: This measures the percentage of loans that are more than 90 days delinquent, including those in foreclosure and REO (real estate owned).

Foreclosure Rate: This measures the percentage of loans in some stage of the foreclosure process. A foreclosure is defined by the legal process by which an owner's right to a property is terminated, usually due to default. This does not represent the number of new foreclosure filings as provided by other data companies, but rather the current stock, or inventory, of loans in the foreclosure process which offers a comprehensive view of foreclosure trends. CoreLogic has approximately 85 percent coverage of foreclosure data.

Source: CoreLogic.

 

We requested delinquency rates for other West Virginia metros and CoreLogic quickly and graciously supplied this spreadsheet. Morgantown has the lowest rates in the state, thanks in large part to the stability of employment at WVU.
       
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  CBSA 90+ Day Delinquency Rate 90+ Day Delinquency Rate 12 Months Ago 90+ Day Delinquency Rate - % Point Change Foreclosure Rate Foreclosure Rate 12 Months Ago Foreclosure Rate - % Point Change
  Charleston, WV 3.40% 3.47% -0.07% 1.03% 1.32% -0.29%
  Cumberland, MD-WV 6.57% 5.58% 0.99% 2.99% 2.15% 0.84%
  Hagerstown-Martinsburg, MD-WV 7.34% 7.54% -0.20% 3.00% 3.09% -0.09%
  Huntington-Ashland, WV-KY-OH 5.23% 5.42% -0.19% 2.34% 2.59% -0.25%
  Morgantown, WV 1.64% 1.58% 0.06% 0.45% 0.60% -0.15%
  Parkersburg-Marietta-Vienna, WV-OH 3.19% 3.69% -0.50% 1.14% 1.45% -0.31%
  Steubenville-Weirton, OH-WV 6.14% 6.53% -0.39% 2.34% 3.19% -0.85%
  Washington-Arlington-Alexandria, DC-VA-MD-WV 5.40% 5.87% -0.47% 2.08% 2.33% -0.25%
  Wheeling, WV-OH 4.70% 4.71% -0.01% 2.01% 2.21% -0.20%
  Winchester, VA-WV 4.10% 4.73% -0.63% 1.53% 2.08% -0.55%
               
               
               
               
               
               
               
               
               
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