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LJWorld.com weblogs Common cents

Lawrence foreclosure rate creeps up

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There was a slight increase in foreclosure rates in Lawrence in October, according to the latest information from First American CoreLogic, which monitors national real estate data, but things still aren't as bad as they are nationally.The foreclosure rate among outstanding mortgage loans was 0.50 percent in Lawrence, an increase of 0.2 percentage points over October 2007 when it was 0.30 percent.The national foreclosure rate in October was 1.7 percent.CoreLogic also found that the mortgage delinquency rate was up — but again not by much. The rate of mortgage loans in Lawrence that were 90 days or more delinquent was 1.30 percent, only .2 of a percentage point above the October 2007 rate.Home prices, however, increased in October. The current median price of a home in Lawrence was $156,251, which is .089 percent above the median in October 2007.The only thing decreasing — and it's a big decrease — is the total number of homes sold. Sales were off by more than 26 percent. In Lawrence, 64 homes were sold in October 2007 and only 47 were sold this past October, a 26.5 percent declineThat decrease is actually slightly higher than the national rate of 24 percent.You can find more detailed real estate data at realquest.com.

Comments

Alexander Neighbors 6 years ago

when your mortgage goes from 610.00 to 800.00 a month and food prices skyrocket..... what did everyone think was gona happen

chargdup 6 years ago

Why did your mortgage jump? Get a fixed rate mortgage.

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