Harrisburg-Carlisle led the pack in October for lowest foreclosure rate — 1.72 percent — among the four Central Pennsylvania metropolitan areas tracked by the Business Journal.
But it was the York-Hanover area that posted the biggest drop compared with October 2012. The foreclosure rate was 2.58 percent in October, down 0.54 percentage points from the same month a year ago, according to California-based CoreLogic.
The foreclosure rate in Harrisburg-Carlisle dipped 0.42 percentage points.
Lancaster and Lebanon counties came in at 1.74 percent for the month. Lebanon County saw the bigger decrease at 0.48 percentage points, while Lancaster County’s rate dropped 0.35 percentage points from October 2012, according to CoreLogic.
On the mortgage delinquency side — where mortgage loans were 90 or more days delinquent — Lancaster County came in at the low end with a rate of 3.59 percent. York-Hanover was the highest at 5.75 percent, while Harrisburg-Carlisle and Lebanon County followed at 4.23 percent and 4.15 percent, respectively.
• York-Hanover: The October foreclosure rate was the lowest since April 2011 (2.57 percent), while the delinquency rate was the lowest since August 2011 (5.73 percent).
• Lebanon County: The foreclosure rate was the lowest since December 2011 (1.72 percent), while the delinquency rate was the lowest since August 2011 (3.97 percent).
• Lancaster County: The foreclosure rate was the lowest since December 2011 (1.72 percent), while the delinquency rate was higher than September’s rate of 3.57 percent.
• Harrisburg-Carlisle: The foreclosure rate was the lowest since July 2011 (1.7 percent), while the delinquency rate was tied with May 2012. In March and April 2012, the delinquency rate was 4.17 percent.