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Foreclosure rates decrease in Baton Rouge

POSTED: Tuesday, November 26, 2013 - 10:32am

UPDATED: Friday, December 6, 2013 - 9:45am

A new housing report released Tuesday morning indicates that foreclosure rates are falling in the Baton Rouge area.

The ongoing research is being done my CoreLogic, a company that specializes in property information and analytics in the United States and Australia.

The figures from CoreLogic show foreclosure rates in Spetember 2013 down from 2012 to about 1.64 percent.

Louisiana and Baton Rouge foreclosure rates are also lower than the national rate, which is about 2.25 percent.

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This is a very good news to all. Not only do foreclosure rates are falling in the Baton Rouge area. In some states foreclosure filing is also declining. RealtyTrac reports a drop in the number of foreclosures, indicating a continued healing in the housing market. According to the online real estate marketer, foreclosure filings fell last September, good news right?

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