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A Snapshot of Home Foreclosure Activity in Arkansas

This just in:  The data-provider CoreLogic* has released new data on home foreclosure activity in Arkansas.  The data for May show that the state’s foreclosure rate was 1.82%, up from 1.58% in May of 2012.  The U.S. average for May 2013 was 2.61%, down from 3.46% a year earlier.  These rates reflect the percentage of loans that are in some stage of the foreclosure process.

A broader indicator of homeowner financial distress–and a leading indicator of potential foreclosure activity in the future–is the 90-day delinquency rate.  At 5.34%, the delinquency rate for Arkansas was basically unchanged from a year earlier.  The U.S. rate declined over the same period, but is still slightly higher than the rate for Arkansas.

Source: CoreLogic

*More information about CoreLogic, a data and analytics company, can be found at CoreLogic.com

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