New report shows local foreclosure rates are falling

ALBANY, N.Y. (NEWS10) — A new housing report released on Wednesday indicates foreclosure rates in the area are falling.

The report, from Corelogic, shows foreclosure rates for the Albany-Schenectady-Troy area were at 3.28% in March. That’s below the state’s average rate of 3.9%.

The report also says the local mortgage delinquency rate is 6.34%, which is lower than what it was at this time last year.

While the foreclosure rate is down, the local rate is still higher than the national foreclosure rate —that rate sits at over 1.25%.

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