Foreclosure rates plummet in Sacramento region

Published: Tuesday, Aug. 27, 2013 - 1:03 pm

Foreclosures are fading in the Sacramento region.

In June, lenders foreclosed on 1.06 percent of homes in the Sacramento-Arden-Arcade-Roseville area, according to market tracker CoreLogic. Just a year ago, in June 2012, the foreclosure rate was more than twice as high, at 2.45 percent. The number of loans that are delinquent by 90 days or more also dropped, from 6.54 percent in June 2012 to 3.67 percent in June of this year.

A separate report from Emeryville-based ZIPRealty Inc., also released Tuesday, found that the real estate market is stabilizing around the country as more people put their homes on the market, easing a severe shortage of homes available for sale in some markets.

Read more articles by Mary Lynne Vellinga





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