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Foreclosure rates on the decline in Peoria

By WEEK Producer

Foreclosure rates on the decline in Peoria

January 29, 2013 Updated Jan 29, 2013 at 11:28 AM CDT

PEORIA, Ill. -- A new housing report out on Tuesday indicates foreclosure rates in the Peoria area are falling.

The figures, coming from CoreLogic, show foreclosure rates in November 2012 at two and three quarters of a percent.

Down from this same time last year, the Peoria rate is also lower than the national foreclosure rate. That rate sits at about three percent.

The report also says the local mortgage delinquency rate is over 5.5 percent, more than it was at this time last year.

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