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Twin Cities foreclosure rate falls to nearly half of last year's rate

Jim Buchta

Case in point:Mortgage delinquencies have been falling steadily, which means fewer homes are falling into foreclosure. The latest report from CoreLogic shows that the foreclosure rates in the metro during July posted another healthy decline, falling to 0.52 percent from 0.95 percent last year. The delinquency rate, an indicator of future foreclosures, was down, as well (see above chart).

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