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St Louis Real Estate Search

Mortgage Delinquencies and Foreclosures Continue To Decline

mortgage delinquencies and foreclosures st louisThe housing market continues to show signs that a recovery is underway with today’s report from LPS showing that mortgage delinquencies in March 2013 fell 3.13 percent from the month before and were down 3.03 percent from a year ago, according to a report just released by LPS.  The foreclosure inventory rate fell slightly (0.41 percent) from the month before but was down almost 20 percent (19.61)from a year ago.

Almost all the data on the housing market, including the St Louis housing market, has been encouraging lately and pointing toward signs that a recovery is underway.  Woo hoo!

Total U.S. loan delinquency rate (loans 30 or more days past due, but not in foreclosure): 6.59%
Month-over-month change in delinquency rate: -3.13%
Year-over-year change in delinquency rate: -3.03%
Total U.S. foreclosure pre-sale inventory rate: 3.37%
Month-over-month change in foreclosure presale inventory rate: -0.41%
Year-over-year change in foreclosure presale inventory rate: -19.61%
Number of properties that are 30 or more days past due, but not in foreclosure: (A) 3,308,000
Number of properties that are 90 or more days delinquent, but not in foreclosure: 1,466,000
Number of properties in foreclosure pre-sale inventory: (B) 1,689,000
Number of properties that are 30 or more days delinquent or in foreclosure:  (A+B) 4,997,000
States with highest percentage of non-current* loans: FL, NJ, MS, NV, NY
States with the lowest percentage of non-current* loans: MT, AK, WY, SD, ND

*Non-current totals combine foreclosures and delinquencies as a percent of active loans in that state.

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