The Lancaster market saw residential mortgage foreclosures and 90-day delinquencies increase during the year, but it remains ahead of other areas in Central Pennsylvania, according to California-based real estate research firm CoreLogic.
Lancaster foreclosures were 1.95 percent in May, compared to 1.53 percent in the same month last year. Mortgage delinquency increased to 3.73 percent, compared to 3.39 percent, CoreLogic said.
The Harrisburg-Carlisle market posted rates of 1.96 percent and 4.09 percent, respectively. Foreclosures were up from 1.69 percent in May 2011 and delinquencies were up from 3.82 percent.
The Lebanon area ended the month with rates of 2.07 percent and 4.17 percent, CoreLogic said. The York-Hanover market came in at 3.05 percent on foreclosures and 6.01 percent on delinquency.
The national foreclosure rate was 3.41 percent in May. Delinquency was 6.94 percent.
CoreLogic trades its shares on the New York Stock Exchange under the ticker symbol CLGX.