Rising home prices and a relatively healthy jobs market mean fewer people in the Twin Cities metro are falling behind on their mortgage payment. The foreclosure rate in the region dipped to 0.52 percent during December 2014 from 0.73 percent last year, according to a monthly report from CoreLogic. Nationwide, the foreclosure rate stood at 1.47 percent for December 2014.

Delinquencies, an indication of future foreclosures, also declined to 2.16 percent of all mortgage loans compared with 2.75 percent last year.

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