Home » NEWS » Real Estate & Construction » Foreclosure rates in Jackson decrease

Foreclosure rates in Jackson decrease

Foreclosure rates in Jackson decreased for the month of September over the same period last year, according to newly released data from CoreLogic.

The CoreLogic data reveals that the rate of Jackson area foreclosures among outstanding mortgage loans was 2.04 percent for the month of September 2012, a decrease of 0.26 percentage points compared to September of 2011 when the rate was 2.30 percent. Foreclosure activity in Jackson was lower than the national foreclosure rate, which was 3.25 percent for September 2012.

Also in Jackson, the mortgage delinquency rate decreased. According to CoreLogic data for September 2012, 7.06 percent of mortgage loans were 90 days or more delinquent compared to 7.13 percent for the same period last year, representing a decrease of 0.07 percentage points.


… we’d like to ask for your support. More people are reading the Mississippi Business Journal than ever before, but advertising revenues for all conventional media are falling fast. Unlike many, we do not use a pay wall, because we want to continue providing Mississippi’s most comprehensive business news each and every day. But that takes time, money and hard work. We do it because it is important to us … and equally important to you, if you value the flow of trustworthy news and information which have always kept America strong and free for more than 200 years.

If those who read our content will help fund it, we can continue to bring you the very best in news and information. Please consider joining us as a valued member, or if you prefer, make a one-time contribution.

Click for more info

About Ross Reily

Ross Reily is editor of the Mississippi Business Journal. He is a husband to an amazing wife, dad to 3 crazy kids and 2 dogs. He is also a fan of the Delta State Fighting Okra and the Boston Red Sox.

Leave a Reply

Your email address will not be published. Required fields are marked *