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St Louis Foreclosures decline in November after four months of increases

St. Louis REALTOR, Dennis Norman foreclosuresThe St Louis foreclosure rate was 1.69 percent for November 2011, down from 1.75 percent the month before and only up slightly from a year ago when the rate was 1.67 percent, according to newly released data from CoreLogic. As usual, the St Louis foreclosure rate is significantly lower than the national foreclosure rate, which was 3.41 percent in November 2011.

Unfortunately, the St Louis mortgage delinquency rate, the precursor to foreclosures,  increased in November rising to 4.94 percent from 4.87 percent the month and marking the fifth-consecutive month of increases.  The St Louis mortgage delinquency rate was, however, down from a year ago, when the rate was 5.14 percent.

Location 90+ Day Delinquency Rate November 2011 90+ Day Delinquency Rate November 2010 Year-Over-Year Change in 90+ Day Delinquency Rate Foreclosure Rate November 2011 Foreclosure Rate November 2010 Year-Over-Year Change in Foreclosure Rate
Missouri 4.58% 4.79% -8.05% 1.45% 1.46% -4.53%
St. Louis, MO 4.94% 5.14% -6.82% 1.69% 1.67% -1.85%
US 7.23% 7.78% -10.74% 3.41% 3.46% -5.34%

Source: CoreLogic.

St. Louis, MO 90+ Day Delinquency Rate Foreclosure Rate
November 2011 4.94% 1.69%
October 2011 4.87% 1.75%
September 2011 4.81% 1.72%
August 2011 4.70% 1.66%
July 2011 4.68% 1.64%
June 2011 4.65% 1.62%
May 2011 4.68% 1.62%
April 2011 4.72% 1.66%
March 2011 4.82% 1.71%
February 2011 5.08% 1.76%
January 2011 5.15% 1.77%
December 2010 5.11% 1.76%
November 2010 5.14% 1.67%
October 2010 5.13% 1.56%
September 2010 5.18% 1.57%
August 2010 5.17% 1.53%
July 2010 5.19% 1.49%
June 2010 5.25% 1.44%
May 2010 5.39% 1.44%
April 2010 5.46% 1.42%
March 2010 5.63% 1.42%
February 2010 5.86% 1.41%
January 2010 5.90% 1.40%
December 2009 5.74% 1.34%
November 2009 5.62% 1.32%
October 2009 5.37% 1.31%
September 2009 5.12% 1.25%
August 2009 4.79% 1.21%
July 2009 4.48% 1.17%
June 2009 4.37% 1.15%
May 2009 4.26% 1.11%
April 2009 4.12% 1.12%
March 2009 4.05% 1.07%
February 2009 4.13% 0.99%
January 2009 4.05% 0.97%

Source: CoreLogic.

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