WASHINGTON — The number of mortgaged homeowners facing foreclosure is declining nationwide, and in the Washington, D.C. metro as well, but two metro areas stand out for where they rank for foreclosures.
The lowest foreclosure rate in the nation in November also is one of the most expensive housing markets in the nation: San Francisco.
CoreLogic Inc. says the foreclosure rate in the San Francisco-Redwood City metro in November was negligible; just 0.15 percent of homeowners with mortgages there were in some stage of foreclosure.
Atlantic City has the worst foreclosure rate. As of November, CoreLogic says the foreclosure rate in the Atlantic City-Hammonton, New Jersey metro stood at 7.05 percent.
Nationwide, the foreclosure rate in November was 1.17 percent, down from 1.49 percent a year earlier.
In the D.C. metro area, the November foreclosure rate was just 1.04 percent, down from 1.25 percent in November 2014.
