|
In March, 3.63 percent of mortgages in the U.S. were seriously delinquent,1 according to the latest issue of Housing Market Conditions, produced by the St. Louis Fed. The figure below shows the percentage of seriously delinquent mortgages by county.
The chart below is from the inaugural issue of Housing Market Conditions, published for the first quarter of 2012. It shows seriously delinquent mortgages by county in March 2012, when 7.3 percent of loans in the U.S. were seriously delinquent.
During the first quarter of 2015, the share of seriously delinquent loans decreased 36 basis points (bps). Loans delinquent 90 days or more decreased 31 bps, while foreclosures decreased 5 bps.
House prices rose during the first quarter. The figure below shows changes in U.S. house prices since 2000 according to two indexes:
House prices were 1.4 percent higher according to FHFA and 1.8 percent higher according to CoreLogic when compared with the fourth quarter of 2014.
1 Seriously delinquent mortgages are delinquent 90 days or more or are in foreclosure.
The St. Louis Fed uses Disqus software for the comment functionality on this blog. You can read the Disqus privacy policy. Disqus uses cookies and third party cookies. To learn more about these cookies and how to disable them, please see this article.
Subscribe to
On the Economy
Get notified when new content is available on our On the Economy blog.
About the Blog
The St. Louis Fed On the Economy blog features relevant commentary, analysis, research and data from our economists and other St. Louis Fed experts.
Views expressed are not necessarily those of the Federal Reserve Bank of St. Louis or of the Federal Reserve System.
Popular Posts
Contact Us
For media-related questions, email mediainquiries@stls.frb.org. For all other blog-related questions or comments, email on-the-economy@stls.frb.org.
Categories
- Vulgar, obscene, profane or otherwise disrespectful or discourteous
- For commercial use, including spam
- Threatening, harassing or constituting personal attacks
- Violating copyright or otherwise infringing on third-party rights
- Off-topic or significantly political
The St. Louis Fed will only respond to comments if we are clarifying a point. Comments are limited to 1,500 characters, so please edit your thinking before posting. While you will retain all of your ownership rights in any comment you submit, posting comments means you grant the St. Louis Fed the royalty-free right, in perpetuity, to use, reproduce, distribute, alter and/or display them, and the St. Louis Fed will be free to use any ideas, concepts, artwork, inventions, developments, suggestions or techniques embodied in your comments for any purpose whatsoever, with or without attribution, and without compensation to you. You will also waive all moral rights you may have in any comment you submit.