Report: Lancaster County has lowest foreclosure rate in the midstate
While Lancaster County had the lowest local foreclosure rate in November, 1.73 percent, it was the York-Hanover metropolitan area that saw the biggest drop over the year at 0.43 percentage points.
York-Hanover produced a 2.7 percent foreclosure rate for the month, according to California-based real estate research firm CoreLogic. That is still the highest of the four metro areas tracked by the Business Journal.
Lancaster County saw foreclosures drop by more than a quarter percent over November 2012. Mortgage delinquencies, or loans more than 90 days late, came in at 3.61 percent for the month. That was also the best in the region.
Harrisburg-Carlisle was second in foreclosures with a rate of 1.78 percent and third in delinquency at 4.28 percent, according to CoreLogic. Those numbers were down 0.34 and 0.29 percentage points, respectively.
Meanwhile, in Lebanon County, foreclosures dropped to 1.8 percent, which was an improvement of 0.39 percentage points over 2012. Mortgage delinquencies fell 0.34 percentage points to 4.2 percent, according to CoreLogic.