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STATE OF AFFAIRS: SOUTH » IN THE NEWS Louisiana rank: 21 90+ Day Delinquency Rate Foreclosure Rate october 2013 3.4% Unemployment Rate 2.1% 6.5% year ago 3.7% 2.9% 5.9% 3.2% Rising home sales and declining foreclosure sales have driven the highest quarterly price increase since the national housing recovery began, according to the latest Residential Price Index from Mississippi-based FNC, Inc. Prices rose 2.5 percent during the third quarter, FNC says. The company observed prices in the country's 100 largest metro areas and found that national home prices have risen 11 percent since the beginning of the recovery, a timestamp that FNC considers to be the start of 2012. "Continuing to lead in the recovery are the markets in high distress during the 2008-2009 mortgage crisis," FNC noted in a statement to the press. Phoenix posted the highest cumulative price gain since the start of the recovery—a 46.2 percent increase. Others making up the top-five gains were Las Vegas (38.3 percent); Riverside, California (23.5 percent); Los Angeles (22.7 percent); and Orlando, Florida (20.5 percent). The FNC 100-MSA index recorded a 0.5 percent monthly price gain and 6.2 percent annual increase in September. FNC reported 27 of 30 metros assessed by the FNC 30-MSA index experienced rising prices over the month of September. Miami and Riverside, California, topped the index with price gains of 2 percent for the month. They were followed closely by Baltimore and Charlotte, North Carolina, both of which posted increases of 1.9 percent. The three cities to register monthly price declines in September were St. Louis (-1.3 percent), New York (-0.6 percent), and Denver (-0.3 percent). Both Denver and St. Louis experienced a rise in foreclosure sales in September, which FNC deemed as the culprit of the cities' September price declines. In St. Louis foreclosure sales made up almost 30 percent of September home sales. 4.4% KNOW THIS year-over-year change -6.1% -27.8% 10.2% Top County St. bernard PariSh 90+ Day Delinquency Rate Foreclosure Rate october 2013 6.3% 4.6% year ago 6.8% 6.3% year-over-year change -8.4% -28.3% Top Core-Based Statistical Area baStroP, La 90+ Day Delinquency Rate Foreclosure Rate october 2013 7.0% 3.3% year ago 7.6% 4.6% year-over-year change -8.6% -27.8% note: The 90+ day delinquecy rate is the percentage of outstanding mortgage loans that are seriously delinquent. The foreclosure rate is the percentage of outstanding mortgage loans currently in foreclosure. State rank is based on the October 2013 foreclosure rate. All figures are rounded to the nearest decimal. The unemployment rate reflects preliminary October 2013 figures released by the Bureau of Labor Statistics. All other data courtesy of LPS Data & Analytics. Mississippi rank: 22 90+ Day Delinquency Rate Foreclosure Rate october 2013 5.2% Unemployment Rate 2.1% 8.5% year ago 5.6% 3.2% 9.1% year-over-year change -6.4% -35.4% -6.6% Top County 90+ Day Delinquency Rate tunica county Foreclosure Rate october 2013 10.6% 5.0% year ago 14.2% 2.5% year-over-year change -25.5% 102.3% Top Core-Based Statistical Area vicksburg, Ms 90+ Day Delinquency Rate Foreclosure Rate october 2013 9.3% year ago 9.4% year-over-year change -0.6% -27.3% note: The 90+ day delinquecy rate is the percentage of outstanding mortgage loans that are seriously delinquent. The foreclosure rate is the percentage of outstanding mortgage loans currently in foreclosure. State rank is based on the October 2013 foreclosure rate. All figures are rounded to the nearest decimal. The unemployment rate reflects preliminary October 2013 figures released by the Bureau of Labor Statistics. All other data courtesy of LPS Data & Analytics. 128 High-Distress Markets Continue to Lead Recovery The HAMP redefault rate in Mississippi is 36%, the highest in the nation. North Carolina raNk: 30 90+ Day Delinquency Rate Foreclosure Rate oCtober 2013 2.6% Unemployment Rate 1.4% 8.0% year ago 2.9% 2.5% 9.4% year-over-year ChaNge -12.0% -44.1% -14.9% Top County 90+ Day Delinquency Rate bertie CouNty Foreclosure Rate oCtober 2013 3.8% 3.4% year ago 4.1% 4.5% year-over-year ChaNge -6.7% -25.3% Top Core-Based Statistical Area heNdersoN, NC 90+ Day Delinquency Rate Foreclosure Rate oCtober 2013 7.4% 2.6% year ago 6.9% 3.3% year-over-year ChaNge 7.7% -21.3% note: The 90+ day delinquecy rate is the percentage of outstanding mortgage loans that are seriously delinquent. The foreclosure rate is the percentage of outstanding mortgage loans currently in foreclosure. State rank is based on the October 2013 foreclosure rate. All figures are rounded to the nearest decimal. The unemployment rate reflects preliminary October 2013 figures released by the Bureau of Labor Statistics. All other data courtesy of LPS Data & Analytics. IN THE NEWS Fair Housing Group Broadens Discrimination Complaint Against BofA The National Fair Housing Alliance announced the fourth amendment of its discrimination complaint against North Carolina-based Bank of America (BofA) with the addition of five new cities. The complaint now includes 20 metro areas in which NFHA alleges Bank of America has neglected to maintain and market foreclosed and REO properties. In the complaint filed with HUD, NFHA and five of its member organizations allege Bank of America "continues to maintain and market foreclosed homes in majority white neighborhoods in a much better manner than it does in majority African-American and Latino neighborhoods," according to a press statement from the group. The new cities NFHA added to its complaint include Baltimore, Maryland; Toledo, Ohio; Waukegan, Illinois; and Evanston, Illinois. The organization also provided new evidence of discrimination in Aurora, Illinois;