{"id":641,"date":"2018-09-15T17:06:40","date_gmt":"2018-09-15T21:06:40","guid":{"rendered":"http:\/\/www.bridgettbyzewski.com\/real-estate-blog\/?p=641"},"modified":"2018-09-15T17:06:40","modified_gmt":"2018-09-15T21:06:40","slug":"the-latest-mortgage-delinquency-stats","status":"publish","type":"post","link":"https:\/\/www.bridgettbyzewski.com\/real-estate-blog\/2018\/09\/15\/the-latest-mortgage-delinquency-stats\/","title":{"rendered":"The Latest Mortgage Delinquency Stats"},"content":{"rendered":"<p>The latest mortgage statistics show higher levels of delinquencies this year in Sarasota and Manatee counties. Both short-term delinquency rates (30 days late) and more serious delinquencies (90 days plus late) are up when compared to the same period last year. However, foreclosure rates continue to be lower than they were last year.<\/p>\n<p><!--more--><img loading=\"lazy\" decoding=\"async\" class=\"aligncenter size-large wp-image-305\" src=\"https:\/\/www.bridgettbyzewski.com\/real-estate-blog\/wp-content\/uploads\/2018\/05\/house-for-foreclosure-1024x683.jpg\" alt=\"single family home\" width=\"525\" height=\"350\" srcset=\"https:\/\/www.bridgettbyzewski.com\/real-estate-blog\/wp-content\/uploads\/2018\/05\/house-for-foreclosure-1024x683.jpg 1024w, https:\/\/www.bridgettbyzewski.com\/real-estate-blog\/wp-content\/uploads\/2018\/05\/house-for-foreclosure-300x200.jpg 300w, https:\/\/www.bridgettbyzewski.com\/real-estate-blog\/wp-content\/uploads\/2018\/05\/house-for-foreclosure-768x512.jpg 768w\" sizes=\"auto, (max-width: 525px) 100vw, 525px\" \/><br \/>\nThe most recent data shows that there are 12% more people 30 days late on their mortgages than there were last year at the same time. The total is only 3.7% (versus 4.0% last month), which isn\u2019t bad at all, but it is higher than last year.<\/p>\n<p>Longer-term mortgage delinquencies are up as well. We define long-term delinquencies as people who are 90 days, or more, late on their mortgage payments. The latest data shows that long-term delinquencies are up 29% when compared to last year at this time. Again, the total is relatively low at 2.2%; however, the year on year rise is significant.<\/p>\n<p>Although we have been awaiting a spike in foreclosures since Hurricane Irma, it just hasn\u2019t happened. Foreclosures are still down 22% when comparing this year to last. When you put it all together, the mortgage statistics still point to a healthy real estate market. The video below shows the relevant statistics for our area.<\/p>\n<p><iframe loading=\"lazy\" title=\"Mortgage Delinquency Statistics for Sarasota &amp; Manatee - Sep 2018\" src=\"https:\/\/player.vimeo.com\/video\/290072078?dnt=1&amp;app_id=122963\" width=\"580\" height=\"326\" frameborder=\"0\" allow=\"autoplay; fullscreen; picture-in-picture; clipboard-write\"><\/iframe><\/p>\n","protected":false},"excerpt":{"rendered":"<p>The latest mortgage statistics show higher levels of delinquencies this year in Sarasota and Manatee counties. Both short-term delinquency rates (30 days late) and more serious delinquencies (90 days plus late) are up when compared to the same period last year. However, foreclosure rates continue to be lower than they were last year.<\/p>\n","protected":false},"author":2,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[3,1],"tags":[12,13,16,14,15,20,19,17],"class_list":["post-641","post","type-post","status-publish","format-standard","hentry","category-mortgages","category-real-estate","tag-home-buying","tag-home-selling","tag-manatee-county","tag-mortgage","tag-real-estate","tag-real-estate-agent","tag-realtor","tag-sarasota-county"],"_links":{"self":[{"href":"https:\/\/www.bridgettbyzewski.com\/real-estate-blog\/wp-json\/wp\/v2\/posts\/641","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.bridgettbyzewski.com\/real-estate-blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.bridgettbyzewski.com\/real-estate-blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.bridgettbyzewski.com\/real-estate-blog\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/www.bridgettbyzewski.com\/real-estate-blog\/wp-json\/wp\/v2\/comments?post=641"}],"version-history":[{"count":1,"href":"https:\/\/www.bridgettbyzewski.com\/real-estate-blog\/wp-json\/wp\/v2\/posts\/641\/revisions"}],"predecessor-version":[{"id":642,"href":"https:\/\/www.bridgettbyzewski.com\/real-estate-blog\/wp-json\/wp\/v2\/posts\/641\/revisions\/642"}],"wp:attachment":[{"href":"https:\/\/www.bridgettbyzewski.com\/real-estate-blog\/wp-json\/wp\/v2\/media?parent=641"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.bridgettbyzewski.com\/real-estate-blog\/wp-json\/wp\/v2\/categories?post=641"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.bridgettbyzewski.com\/real-estate-blog\/wp-json\/wp\/v2\/tags?post=641"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}