economic indicators

Foreclosure, delinquency rates rise in Providence metro

FORECLOSURES IN THE Providence-Fall River- New Bedford area rose slightly to 2.99 percent in August and the metro area's mortgage delinquency rate rose to 7.39 percent.
Posted 10/25/12

PROVIDENCE – The Providence-Fall River-New Bedford area foreclosure rate rose 0.04 percentage points in August compared with the same period last year, Corelogic said Thursday.

The California-based real estate data firm reported a foreclosure rate of 2.99 percent for the metro area in August, up from 2.95 percent in August of 2011.

As the foreclosure rate ticked up, the percentage of seriously delinquent mortgages increased 0.23 percentage points in August compared with the same time last year.

The Providence area 90-day delinquency rate was 7.39 percent in August, up from 7.16 percent in August 2011.

The increase in the metro-area foreclosure rate was driven by Bristol County, Massachusetts.

While Rhode Island’s foreclosure rate remains higher, it fell 0.08 percentage points year over year in August to 3.16 percent.

The Rhode Island 90-day delinquency rate, on the other hand, rose 0.19 percent in August to 7.49 percent.

The national foreclosure rate headed in the opposite direction from the Providence area in August, declining 0.11 percentage points from last year to 3.35 percent.

The national 90-day delinquency rate fell 0.43 percent year over year in August to 6.76 percent.

PBN Hosted

Join PBN for the best networking event and party of the winter - January 15, 2015 - the Book of Lists Party at the Providence Public Library. Reserve your spot by December 31st and get a holiday gift from PBN!
  • Best Places to Work
    Enrollment is now open for the 7th annual Best Places to Work program. Winners w ...
  • Manufacturing Awards
    Applications are now being accepted for the 2nd Annual Manufacturing Awards. Dea ...
Purchase Data
Book of Lists
Book of Lists cover
PBN's annual Book of Lists has been an essential resource for the local business community for almost 30 years. The Book of Lists features a wealth of company rankings from a variety of fields and industries, including banking, health care, real estate, law, hospitality, education, not-for-profits, technology and many more.
Data icons
Data can be purchased as single lists, in either Excel or PDF format; the entire database of the published book, in Excel format; or a printed copy of the Book of Lists.
  • Purchase an e-File of a single list
  • Purchase an e-File of the entire Book of Lists database
  • Purchase a printed copy of the Book of Lists
    Latest News