Foreclosure Rates across Alabama
Alabama ranked 18th among the 27 non-judicial foreclosure states with 6,495 foreclosures completed between June 2011 and May 2012, according to new data from CoreLogic.
CoreLogic, which calculates foreclosure data from across the country, showed a slight nationwide decrease in May with 3.4 percent of all mortgage-carrying homes in the foreclosure process, down from 3.5 percent last year and steady from April.
Biggest changes this month came in the form of a drop in mortgage inventory in states that have headlined the mortgage crisis like Michigan, Arizona and Nevada, but the inventory is still rising in Hawaii, New York and Connecticut.
Alabama had 83 mortgages for every completed foreclosure but the overall percentage of homes in the foreclosure process was up 0.1 percent from last year. Alabama ranked in the lowest group of states with a foreclosure rate less 2 percent. Alabama’s rate is 1.5 percent.
City by city numbers comparing May 2012 to May 2011:
• Anniston-Oxford, steady at 1.5
• Auburn-Opelika, up to 1.01 from 0.99
• Birmingham-Hoover, down to 1.61 from 1.66
• Decatur, down to 1.42 from 1.46
• Dothan, down to 1.27 from 1.47
• Florence-Muscle Shoals, down to 0.85 from 1.03
• Gadsden, down to 1.46 from 1.56
• Huntsville, up to 1.12 from 0.96
• Mobile, up to 2.0 from 1.83
• Montgomery, up to 1.4 from 1.31
• Tuscaloosa, up to 1.21 from 1.09