City of F.C. Has Lowest Foreclosure Rate in Region

According to an Urban Institute study, the City of Falls Church has the lowest percentages of 90-plus-day delinquent mortgages and homes owned by banks in the Washington, D.C. Metro region. The total number of regional homeowners in foreclosure has doubled in the last year, according to the study.

Falls Church’s 90-plus delinquency percentage of total mortgages is 0.9 compared to 4.1 percent for the overall region (and 2.5 percent for Fairfax County), and bank-owned homes is 0.5 percent compared to 1.2 percent in the region (and 0.8 percent for Fairfax County). Highest Northern Virginia delinquencies are 6.3 percent in Manassas (bank owned 2.7 percent) and 5.5 percent in Prince William County (bank owned 2.1 percent).

 

Recent News

Facebook
Twitter
LinkedIn
On Key

Stories that may interest you

Senator Saddam Salim Richmond Report

U.S. Strikes in Iran: the Urgent Need for Congressional Oversight On June 21st, President Trump abruptly attacked Iranian nuclear facilities with American bombers. The next day, he abruptly announced a

Beyer Floor Remarks Opposing H.R. 1

July 3, 2025 (Washington, D.C.) – Congressman Don Beyer (D-VA) this morning delivered the following remarks on H.R. 1, aka the One Big Ugly Bill Act, during debate on the measure: “From

A Penny for Your Thoughts 7-3-2025

Growing up in post-World War II America presented few options for young women past high school. College graduates could aspire to be elementary school teachers or nurses but, once married,

Support Local News!

For Information on Advertising:

Legitimate news organizations need grass roots support like never before, and that includes your Falls Church News-Press. For more than 33 years, your News-Press has kept its readers informed and enlightened. We can’t continue without the support of our readers. This means YOU! Please step up in these challenging times to support the news source you are reading right now!