CoreLogic has reported a continuing drop for Jacksonville, Fla.’s foreclosure rate, as well as its 90-plus day delinquency rate on home mortgages. As of September 2016, Jacksonville’s foreclosure rate sits at 1.5%, with a delinquency rate of 4.08%. A year ago, the city had a 2.3% foreclosure rate and a delinquency rate near 6%.
This is still far higher than the current 0.9% national foreclosure rate and the 2.66% delinquency rate. The entire nation has entered 39,000 foreclosures in September 2016 – a 69.7% decrease from September 2010’s 118,222 foreclosure starts. "September's serious delinquency rate dropped by 25 percent compared to a year earlier, the third consecutive monthly acceleration in the rate of decline," said Dr. Frank Nothaft, chief economist for CoreLogic.
Florida still had the largest yearly number of foreclosures between September 2015 and September 2016, at 53,084 homes in foreclosure. This is a significant decrease from the 90,496 homes that entered foreclosure in the previous 12 months in the state, but Florida is still far ahead of Texas, where 27,182 homes entered foreclosure in the last year.