The Springs' foreclosure rate – or the percentage of loans falling into some stage of foreclosure – declined to 0.48 percent in April, down from 0.62 percent during the same month in 2015, according to a report released Tuesday by CoreLogic, a California-based housing data firm. The latest foreclosure rate also has dropped sharply from the years just after the Great Recession; in April 2011, the local rate was more than three times higher at 1.62 percent, CoreLogic's reports show.
