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