One of the first indications that the housing market is in trouble is foreclosure rate — so it’s good to keep a close eye on that.

Black Knight Financial Services, which provides technology, data and analytics for lenders and servicers, released its “Mortgage Monitor” for April 2016. Here’s how Los Angeles is comparing to the rest of the country.

Screen Shot 2016-06-06 at 11.42.38 AM

The total number of non-current loans in the United States in April 2016 was 5.4 percent. This is down 14.6 percent year-over-year.

The total number of delinquent loans (30 or more days past due, but not in foreclosure) was 4.24 percent nationally.

California as a whole remains well above the national average. The total number of non-current loans in the state was 3.4 percent, down 10.2 percent year-over-year.

The total number of delinquent loans in the state was 2.9 percent.

For Los Angeles specifically, Black Knight noted that home price appreciation has decelerated somewhat, but the share of cash purchases for high-end homes was 39 percent, the highest on record.

“Cash demand may be helping to fuel home price recovery in higher-end Los Angeles communities; Tier 5 properties are now 5 percent above the 2006 peak, while lower price tiers are still 3-15 percent below peaks,” stated the report. The city is still 6 percent off its 2006 price peak overall; homes in the lowest tier are 15 percent below peak.

Screen Shot 2016-06-06 at 3.01.22 PM

Show Comments Hide Comments
Sign up for Inman’s Morning Headlines
What you need to know to start your day with all the latest industry developments
By submitting your email address, you agree to receive marketing emails from Inman.
Success!
Thank you for subscribing to Morning Headlines.
Back to top
×
Log in
If you created your account with Google or Facebook
Don't have an account?
Forgot your password?
No Problem

Simply enter the email address you used to create your account and click "Reset Password". You will receive additional instructions via email.

Forgot your username? If so please contact customer support at (510) 658-9252

Password Reset Confirmation

Password Reset Instructions have been sent to

Subscribe to The Weekender
Get the week's leading headlines delivered straight to your inbox.
Top headlines from around the real estate industry. Breaking news as it happens.
15 stories covering tech, special reports, video and opinion.
Unique features from hacker profiles to portal watch and video interviews.
Unique features from hacker profiles to portal watch and video interviews.
It looks like you’re already a Select Member!
To subscribe to exclusive newsletters, visit your email preferences in the account settings.
Up-to-the-minute news and interviews in your inbox, ticket discounts for Inman events and more
1-Step CheckoutPay with a credit card
By continuing, you agree to Inman’s Terms of Use and Privacy Policy.

You will be charged . Your subscription will automatically renew for on . For more details on our payment terms and how to cancel, click here.

Interested in a group subscription?
Finish setting up your subscription
×