• Improvements in employment and prices have begun to reduce the flow of delinquent borrowers into the shadow inventory.
  • Nearly all of the ten markets with the largest declines in their 90-day delinquency rates over the 12-month period ending in August were in California, Arizona, Nevada, or Florida, areas that experienced the worst of the housing correction.
  • While the delinquency rates from August of this year are still elevated relative to the national average for most of the markets, the current rates are solid improvements relative to August of 2010.
  • In addition, the 90-day delinquency rates in August of this year were below the national average in both Boise and San Diego. The markets with the two largest improvements were Riverside and Las Vegas, respectively.
  • Curious about the delinquency rates in your market? For more information, see the Local Market Reports for the 3rd quarter of 2011.