Foreclosure rates dip below 5% in Fort Myers/Cape Coral
CAPE CORAL, Fla. - The latest housing report from CoreLogic shows foreclosure rates have finally fallen below 5% in more than a half dozen years.
The figures from CoreLogic show foreclosure rates for the Cape Coral-Fort Myers area at 4.75% in January 2014. That's down from a foreclosure rate in December of 5.13%.
While that's down from the same period a year ago, the Cape Coral-Fort Myers rate is actually higher than the national foreclosure rate that currently sits at about 2%.
The report also says the local mortgage delinquency rate is more than 8.5%, that's down from a year ago.