Note: The Housing Market Conditions heat maps have been upgraded and now display the percentage categories of “seriously delinquent mortgages” and “change in seriously delinquent mortgages” in an updated color palette. If you have any questions, or need more information about the new heat maps, please email us.
In September 2017, 3.94 percent of loans in the Memphis MSA were seriously delinquent (delinquent 90 days or more or in foreclosure). The national rate stood at 2.2 percent.
June 2017 to September 2017
The share of seriously delinquent loans decreased 5 basis points (bps) in the Memphis MSA between June 2017 and September 2017. Loans that are delinquent 90 days or more increased 4 bps; foreclosures decreased 11 bps.
Third Quarter 2017
In the third quarter of 2017, house price indices for the Memphis MSA were 2.0 percent higher (FHFA) and 1.0 percent higher (CoreLogic) than in the second quarter of 2017. Since the third quarter of 2016, house price indices were 7.3 percent higher (FHFA) and 6.1 percent higher (CoreLogic).