Kentucky foreclosures down from a year ago
Kentucky foreclosures were down 0.1% in October compared to the same period a year prior. Kentucky's foreclosure inventory rate of 1.2% was equal to the national rate, with 3,012 completed foreclosures in the previous 12 months within the state. The serious deliquency rate stood at 3.3% for Kentucky, which came in just shy of the national rate of 3.4%, according to CoreLogic.
"Improved economic conditions and more foreclosure completions have pushed the foreclosure rate lower. The national unemployment rate declined to 5.0% in October, the lowest since December 2007, and the CoreLogic national Home Price Index has risen 37% from its trough." Frank Nothaft, chief economist at CoreLogic.