As I reported in a story in the Sunday paper, mortage foreclosures are nearing pre-recession levels, giving house prices a major boost. This week, CoreLogic gives us another glimpse into the situation with a report on mortgage delinquencies, which have been steadily falling since the beginning of the economic recovery. In May, the delinquency rate was nearly a full percentage point lower than last year and nearly half the national average - just 2.37 percent of all mortgages were 90 days or more late compared with 4.44 percent nationwide.

Minneapolis-St. Paul-Bloomington, MN 90+ Day Delinquency Rate Foreclosure Rate May 2014 2.37% 0.52% April 2014 2.43% 0.53% March 2014 2.49% 0.55% February 2014 2.60% 0.61% January 2014 2.67% 0.66% December 2013 2.73% 0.72% November 2013 2.75% 0.78% October 2013 2.82% 0.81% September 2013 2.88% 0.85% August 2013 2.90% 0.87% July 2013 3.06% 0.95% June 2013 3.16% 1.01% May 2013 3.22% 1.05% April 2013 3.36% 1.08% March 2013 3.53% 1.15% February 2013 3.68% 1.16% January 2013 3.83% 1.21% Source: CoreLogic.