The percentage of homes in foreclosure in Baton Rouge continued to slip downward in August, according to a new report released this morning by CoreLogic. The foreclosure rate was at 2.27% in August, down from 2.31% in July and 2.47% in August 2011. Baton Rouge has consistently had a lower foreclosure rate than the state and national averages in recent years, and August is no exception. The state foreclosure rate dipped 0.19 percentage points to 2.4% in August, while the national rate decreased 0.43 points to 3.35%. Still, Baton Rouge has a long way to go to get rates down to where they were before the housing market crash. For historical comparison, the local foreclosure rate was 1.28% in January 2009, 2.08% in January 2010, 2.79% in January 2011, and 2.43% in January of this year. See a map of foreclosure rates by ZIP code in the Capital Region here.
B.R. foreclosures continue downward trend in August
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