Residential property information, analytics and services provider CoreLogic reports renters in the West and Northeast are more likely to meet monthly obligations.
CoreLogic’s SafeRent Renter Applicant Risk fourth quarter 2012 Index Report provides market-based benchmarks for evaluating credit quality and risk of default for renters applying for apartment homes in multifamily housing units. The index also includes data from single-family rentals.
The higher the index number, the less risk for landlords with 100 considered the mean mark.
The U.S. as a whole, comes in at 101, while the Northeast renter risk rating was 110 during the final three months of 2012 and 107. The West was at 110 at the end of 2011 and was at 111 in the third quarter.
CoreLogic reported risk of default among renters nationwide decreased year over year in the fourth quarter of 2012 with an index value of 103 compared to the fourth quarter of 2011 with an index value of 101.
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