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Report: Inland Empire on Riskiest Housing Market List

Nationally and in Texas, Delinquency and Foreclosure Rates are Down

CoreLogic’s report concerning loan performances showed that nationally, 4.1% of mortgages were in some stage of delinquency in November 2018, representing a 1.1%-point decline year over year. Additionally, the foreclosure inventory rate stood at 0.4%, which was down 0.2% points from November 2017, and the lowest for any month since January 2000.

Delinquency in the Texas metros also declined year over year, with foreclosure rates remaining steady. The largest drop in delinquency rates took place in the Houston metro. Though the CoreLogic report didn’t specify why, it’s possible that the housing market had taken a hit from Hurricane Harvey in late 2017.

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About Mark El-Rayes

Mark El-Rayes is an award winning designer and photographer from Beirut, Lebanon. El-Rayes has over 15 years in the design industry, 5 years of which he served as a Mass Communication Specialist in the United States Navy at Naval Air Station North Island, Navy Public Affairs Support Element - West (NPASE). El-Rayes is a full-stack developer, seo specialist, photographer, and artist.

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