Hum! 49th going on 50th: foreclosure rate’s long-term decline

​​​​​​​SAN ANTONIO – The foreclosure rate in the San Antonio-New Braunfels area dropped in July for the 49th month in a row, remaining well below the nation’s rate but above that of Texas, according to a report by CoreLogic​.

The rate measures the percentage of loans that are in the foreclosure process.

The Texas foreclosure rate was 0.49 percent, down from 0.58 percent in July of last year. 

For the U.S., the rate declined to 0.93 percent from 1.28 percent last year.

In the San Antonio-New Braunfels area, the rate has declined every month since July 2012. 

San Antonio’s housing market has been on the rise this year, helped by a healthy local economy and low interest rates. About 2,900 homes were sold in August, a 13.2 percent increase from last year, according to data from the San Antonio Board of Realtors.