Nashville TN Real Estate Bucks National Foreclosure Trends by 33% to 42%!

Nashville TN Real Estate Bucks National Foreclosure Trends by 33% to 42%!

The numbers were just released by The Tennessean that though the foreclosure and delinquency rates are up, they are still well behind the National average.

Currently, the Nashville TN area delinquency rate - that is those homeowners 90 days or more - was up to 4.2% in March when it was 2.8% in March of 2008. The National numbers are 6.2% for March of 2009 and 3.8% of March of 2008.

Foreclosure filings were also up over 2008 data. The local numbers have doubled since last year. March filings were .7% in 2008 and 1.4% in 2009. This is still well below the National numbers of 2.1% in 2008 and 2.4% in 2009.

In summary, for the past 12 months, Nashville area foreclosures were up 35% where the Nationwide foreclosures were up 60%!