Foreclosure rates in the San Diego area are continuing to steadily decline, falling to 0.36 percent in June from 0.47 percent a year ago, according to a new report from CoreLogic.
The rate in June compares with the statewide rate of 4.75 percent at the height of the recession in 2009, and is well below the current national rate of 1.28 percent.
Data provided by Irvine-based company showed that the areas with the highest foreclosure rates were in East County and along the Mexican border.
The foreclosure rate measures the percentage of outstanding loans that are in some stage of the foreclosure process.
