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80 Pennsylvania RANK: 13 90+ Day Foreclosure Unemployment Delinquency Rate Rate Rate SEPTEMBER 2014 2.55% 2.17% 5.7 YEAR AGO 2.68% 3.05% 7.3 YEAR-OVER-YEAR CHANGE -4.7% -28.9% -1.6 Top County MONROE COUNTY 90+ Day Foreclosure Delinquency Rate Rate SEPTEMBER 2014 4.98% 8.34% YEAR AGO 5.35% 12.17% YEAR-OVER-YEAR CHANGE -6.9% -31.4% Top Core-Based Statistical Area EAST STROUDSBURG, PA 90+ Day Foreclosure Delinquency Rate Rate SEPTEMBER 2014 4.98% 8.34% YEAR AGO 5.35% 12.17% YEAR-OVER-YEAR CHANGE -6.9% -31.4% 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 September 2014 foreclosure rate. All figures are rounded to the nearest decimal. The unemployment rate reflects preliminary September 2014 figures released by the Bureau of Labor Statistics. All other data courtesy of LPS Data & Analytics. IN THE NEWS Pennsylvania Housing Market Sees Q3 Gains Despite an uptick between the second and third quarters, home sales in the state of Pennsylvania failed once again to hit 2013 levels, according to data released by the Pennsylvania Association of Realtors (PAR). PAR's latest quarterly housing report shows closed sales statewide totaled 41,371 in Q 3, up 5.1 percent from the previous quarter. Year-over-year, third-quarter sales fell short 1.1 percent. ough sales in Pennsylvania have been down annually for every quarter so far in 2014, the gap has narrowed over the year, halving from 4.3 percent in Q1 to 2 percent in Q2 and again to 1.1 percent in Q 3. "roughout Pennsylvania we're seeing continued signs of a stabilizing market," PAR President Kim Skumanick said. "Although home sales across the commonwealth remained relatively unchanged, we still see positive signs in the marketplace." e median home sale price in the state IN THE NEWS Rhode Island Housing Market Declines Single-family home sales fell annually in Rhode Island for the fifth month this year in August, dropping by double digits even as selling prices came down, the Warren Group reported. e company's data shows 748 single-fam- ily homes sold in August, down 10.1 percent from 832 a year ago. It was the first time since 2010 that home sales in the state fell in the month of August. Year-to-date, home sales statewide totaled 4,907 as of August 31, a drop of 3 percent from last year. Condominium sales also tumbled, plung- ing 32.4 percent—the largest decrease since December 2010—to 117. "It is discouraging to see sales decline by double-digits in August after July posted a modest increase," said Timothy M. Warren Jr., CEO of the Warren Group. "e Rhode Island market is slowed down in August, with both condos and single-family homes posting low sales numbers and the median selling price of both falling." e median selling price of single-family homes fell 5.3 percent in August to $220,000, according to the Warren Group, marking the fourth time median prices have declined year- over-year in 2014. Year-to-date, the median single-family home price was up 1.4 percent. On the condo side, the median selling price in August was $170,000, an increase of 12 percent over last year. that quarter was $176,000, up 3.5 percent quarter-over-quarter and only 0.6 percent year-over-year. e median sales price reached $175,000 in Q 3 2013 before slipping for the next two quarters, PAR reported. On the inventory side, the stock of for-sale homes in the state climbed 7.3 percent com- pared to last year, hitting a recovery high of 116,346. e increase came even as new listing activity slowed down, dropping 16.5 percent from the second quarter as the summer came to a close. Compared to last year, listings were up 5.2 percent. Meanwhile, demand remained steady among Pennsylvania homebuyers: rough- out the quarter, the average number of days between a property's listing and its sale was 75, down 3.8 percent year-to-year and 10.7 percent quarter-to-quarter. Rhode Island RANK: 12 90+ Day Foreclosure Unemployment Delinquency Rate Rate Rate SEPTEMBER 2014 3.53% 2.19% 7.6 YEAR AGO 4.09% 3.00% 9.5 YEAR-OVER-YEAR CHANGE -13.8% -26.9% -1.9 Top County PROVIDENCE COUNTY 90+ Day Foreclosure Delinquency Rate Rate SEPTEMBER 2014 4.46% 2.63% YEAR AGO 5.09% 3.64% YEAR-OVER-YEAR CHANGE -12.3% -27.7% Top Core-Based Statistical Area 90+ Day Foreclosure Delinquency Rate Rate SEPTEMBER 2014 YEAR AGO YEAR-OVER-YEAR CHANGE 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 September 2014 foreclosure rate. All figures are rounded to the nearest decimal. The unemployment rate reflects preliminary September 2014 figures released by the Bureau of Labor Statistics. All other data courtesy of LPS Data & Analytics. REO activity increased year-over-year in Pennsylvania by 25 percent in October 2014, according to RealtyTrac. KNOW THIS Rhode Island's rank among states for highest foreclosure rate in October 2014. Only one in every 3,190 housing units (3 percent) were in foreclosure during the month. Source: RealtyTrac STAT INSIGHT 41st