HARRISBURG — Pennsylvania’s home foreclosure rate showed slight improvement in May, but it remains well above last year’s rate.
Foreclosure listing company RealtyTrac said Friday that a total of 3,216 Pennsylvania homes received at least one foreclosure-related filing in May.
RealtyTrac said that was a drop of 1.5 percent from April, but an increase of 11 percent above May 2007.
Pennsylvania’s housing market remains relatively buffered from the mortgage crisis, with a foreclosure rate that RealtyTrac said is well below the national average.
Nationally, foreclosures rose 7 percent from April to May and 48 percent from May 2007.
Nevada, California, Florida, Michigan and Arizona posted the highest foreclosure rates in May.
