Advertisement
  1. Business

Tampa Bay foreclosure, mortgage delinquency rates plunged in April

[Susan Taylor Martin | Times]
Published Jul. 11

Tampa Bay's mortgage foreclosure and delinquency rates continue to plunge as the area's robust economic growth pushes up home values. According to the real estate site CoreLogic, the percentage of bay area homes in some stage of foreclosure in April dropped to 0.8 percent compared to 1.2 percent a year earlier. Meanwhile, just 3.9 percent of borrowers were 30 or more days or more late on their payments, down from 6.3 percent in the same month a year ago.

READ MORE: 'What caused the bankruptcy?' — a day with debtors in Tampa Bay bankruptcy hearings

Nationally, the foreclosure rate was 0.4 percent. The delinquency rate was 3.6 percent, the lowest in more than 20 years due to " a 50-year low in unemployment, rising home prices and responsible underwriting,'' said Frank Nothaft, CoreLogic's chief economist. "However, a number of metro areas that suffered a natural disaster or economic decline contradict this national trend. For example, in the wake of the 2018 California Camp Fire, the serious delinquency rate in the Chico, Calif. metro area this April was 21 percent higher than one year ago."

Contact Susan Taylor Martin at smartin@tampabay.com or (727) 893-8642. Follow @susanskate.

ALSO IN THIS SECTION

  1. Neeld-Gordon Garden Center, open at this location since 1925, is closing on Sept. 28. MARTHA ASENCIO-RHINE  |  Times
    The development of Pinellas County and the arrival of the big box stores helped hasten the store’s demise.
  2. Tampa investor and owner of the Tampa Bay Lightning Jeff Vinik, right, speaks about his investments in the video game industry at the eSports Summit Wednesday in Tampa as Matt Samost, Vice President of New Ventures for Tampa Bay Sports and Entertainment looks on. LUIS SANTANA   |   TIMES  |  Tampa Bay Times
    A summit at USF brought together major players and explored the possibility of an esports arena.
  3. 7-Eleven Inc. is opening its first location in a Brandon mall. Pictured is a location in Port Richey in 2018. | [Times (2018) TYLISA JOHNSON | TIMES  |  TyLisa Johnson | Times
    It is the first of eight mall locations opening this year.
  4. Tampa has a pilot program underway to test scooters. Clearwater could soon have one of its own. But if it's limited to downtown, who will use it? CHRIS URSO  |   Times
    The city’s plan is coming into focus, but there will be limitations.
  5. Pages from a confidential whistleblower's report obtained by The Associated Press, along with two printed Facebook pages that were active on Tuesday, Sept. 17, 2019, are photographed in Washington. Facebook likes to say that its automated systems remove the vast majority of prohibited content glorifying the Islamic State group and al-Qaida before it’s reported. But a whistleblower’s complaint shows that Facebook itself has inadvertently produced dozens of pages in their names. (AP Photo/Jon Elswick) JON ELSWICK  |  AP
    A whistleblower’s complaint shows that the company has inadvertently provided the two extremist groups with a networking and recruitment tool.
  6. Pasco County community news TMCCARTY80  |  Tara McCarty
    Neighbors voice concerns about increased traffic, water quality and adhering to the county’s protections for northeast Pasco.
  7. This satellite image shows Hurricane Michael on Oct. 9, 2018, as it enters the Gulf of Mexico. It made landfall near Mexico Beach in the Panhandle as a Category 5 storm. [Photo courtesy of NOAA] NOAA
    Nearly a year after the storm, 18,000 claims are still open.
  8. Watermans Crossing apartments at 4515 N. Rome Avenue in Tampa. Westside Capital Group
    Jakub Hejl discovered the Tampa Bay area while studying at IMG Academy.
  9. The Tampa Bay Lightning has tapped Cigar City Brewing to bring its Jai Alai, Guayabera, and Florida Cracker beers to Amalie Arena as the team’s official craft beer partner. (Photo via Tampa Bay Lightning) Tampa Bay Lightning
    Cigar City also will move its popular annual Hunahpu’s Beer Festival to Amalie Arena starting next March.
  10. An administrative judge said a Pasco County ordinance allowing solar farms in agricultural districts did not violate the county's comprehensive land-use plan. Times
    An ordinance did not violate the county’s land-use plan that is supposed to protect rural Northeast Pasco, a judge said.
Advertisement
Advertisement
Advertisement