Foreclosure rates continue to drop in region

Northern Colorado’s foreclosure rates continued to fall in March, and remained lower than the rates in both Colorado and nationwide.

The latest data from CoreLogic shows that the foreclosure rate in Fort Collins-Loveland decreased from 1.14 percent in March 2011 to 0.82 percent this past March.

The 90-day delinquency rate, another important indicator of the health of the housing market, also decreased in Fort Collins-Loveland, falling from 2.86 percent to 2.36 percent in the same period.

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In Greeley, the foreclosure rate fell from 2.11 percent to 1.67 percent year-over-year in March and the delinquency rate fell from 5.37 percent to 4.54 percent.

The foreclosure rate in Colorado decreased from 1.76 percent to 1.44 percent from March 2011. The delinquency rate fell from 4.42 percent to 3.99 percent in the same period.

Nationwide, the foreclosure rate fell from 3.54 percent to 3.41 percent and the delinquency rate fell from 7.51 percent to 7.18 percent year-over-year in March.