Indiana Foreclosure Rate Drops

Despite an overall increase in the national foreclosure rate from the second to third quarter this year, Indiana experienced a slight drop in its foreclosure rate. Indianapolis saw a 2.5% drop in its foreclosure rate, the largest regional drop in the state.

Indiana has been one of the states hardest hit by the foreclosure wave this year, so this drop is unusual given the current situation, but probably not a sign that things are suddenly going to turn around in the city. It will take a while for the foreclosure situation to normalize again.

[via Indianapolis Star]

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