The Tulare County's housing market shows a region yet struggling under the weight of increasing foreclosures and mortgage delinquencies, which have shot up over 12-month duration since last summer.

Both the present countywide foreclosure rate - 3.20 percent - and the total number of house foreclosure filings -8,359 - doubled from last May to this May, according to a July report from First American Core Logic, a real estate information service.

The mortgage house delinquency charge often used to predict possible future home foreclosure filings, also nearly doubled over the same period, to 9.70.

The new figures were not surprising and provide merely further confirmation of a prevailing trend that's pretended homeowners across the housing range, local real estate.

"It's another sign of the tough times," locality preservation manager for the city of Visalia, where more than 1,000 of the 40,000 residential units are in some stage of home foreclosure.

Article source: http://www.visaliatimesdelta.com