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Huntsville foreclosure, mortgage delinquency rates drop in September – The Huntsville Times

HUNTSVILLE, Alabama – The foreclosure rate in Huntsville
dipped again in September over the same period last year, according to California
research firm CoreLogic, which monitors real estate trends.

Huntsville foreclosure activity among outstanding mortgage
loans was 0.83 percent in September, a drop of 0.19 percentage points from
September 2012 when the rate was 1.02 percent. The national foreclosure rate in
September was 2.29 percent.

Huntsville’s mortgage delinquency rate, which represents
loans that are 90 days or more delinquent, dropped 0.26 percentage points to
3.46 percent from 3.72 a year earlier.

Completed foreclosure and foreclosure inventory data for October will be released in Corelogic’s next report.

The Alabama Center for Real Estate at the University of
Alabama said Huntsville residential sales in October totaled 471 units, which
represents an increase of 52 transactions from last year.

The median home selling price in October was $164,275, a 6.1
percent drop from October 2012, while the average selling price was
$190,150, or a 5.1 percent decrease from one year earlier. Properties were on
the market an average of 98 days.

The number of Huntsville residential units available for sale in October jumped
by 117 units compared to last year, ACRE said.

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