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31 Journal SMALL-TOWN MORTGAGE DELINQUENCIES ON THE RISE While the overall national delinquency rate has been shrinking, small and local economies are being left behind according to a study from MoneyGeek. Many of these cities, MoneyGeek noted, were at or near national delinquency levels in previous years and have recently increased. "As any real estate agent, mortgage broker, or housing economist will tell you, there's no such thing as a national real estate market," MoneyGeek wrote. "Housing economies are intensely local, which explains why some metro areas have outsized numbers of struggling homeowners despite a nationwide economic boom." At the top of the ranking is East Stroudsburg, Pennsylvania, with a 90-day mortgage delinquency rate of 2.30%—well above the national rate of 0.84%, despite higher-than-average employment rates and wages in surrounding Monroe County. e average household income of $64,170 in Monroe County is higher than the national average, and the poverty rate of 12.3% is below the national average. "Pennsylvania has three MSAs (East Stroudsburg, Pennsylvania, is No. 1) on our top delinquency list and the No. 1 entry on our list of MSAs with increasing delinquency rates (Chambersburg-Waynesboro, Pennsylvania)," MoneyGeek's Head of Marketing, Doug Milnes, told DS News. Milnes also noted that, as Pennsylvania is a swing state in the upcoming presidential election, it's worth noting that several metros in this state are being left behind from an economic standpoint. East Stroudsburg, for example, has experienced economic recovery, but not as quickly as some other areas of the country. Meanwhile, home values in Monroe County remain below their 2007 peak of $314,580. With the election on its way, Milnes notes that another high-delinquency metro, Elkhart-Goshen, Indiana, has been a stopping point for several recent presidents, including Donald Trump and Barack Obama. Elkhart's delinquency rate has increased by 86% on a year-over-year basis to just over twice the national average at 1.4%. MoneyGeek also identified the metros where delinquencies are rising. ese included Chambersburg-Waynesboro, Pennsylvania, and Kingston, New York.