BUSINESS BRIEF

Toledo housing outlook shows positive signs

4/1/2014

The percentage of Toledo-area home mortgages that were at least 90 days overdue dropped to 4.83 percent in January, the lowest level in several years. The rate has declined for 13 consecutive months, according to CoreLogic, a California real estate data firm. It was 6.11 percent in January, 2013.

Overall, the Toledo-area foreclosure rate fell to 1.8 percent in January, down from 1.93 percent in December and 2.94 percent in January, 2013.

The January foreclosure rate for Ohio was 1.98 percent, down from 3.05 percent a year earlier, while the U.S. rate was 1.97 percent, down from 2.9 percent a year earlier, CoreLogic reported.

The 90-days mortgage delinquency rate for Ohio was 5.3 percent, down from 6.49 percent a year ago, while the U.S. rate was 4.93 percent, down from 6.36 percent a year ago.