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St Louis Foreclosures decline in November after four months of increases

The 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. [...]

St Louis home prices fall in November at higher rate than U.S. average

A report released this morning by CoreLogic, one of the nations leading providers of property information shows that St Louis home prices fell in November 4.7 percent from the year before and declined by 3.8 percent from the month before. In November, the decline of home prices in St. Louis outpaced U.S. home prices which were down 4.3 percent from a year ago and 1.4 percent from the month before. [...]

Report shows home prices fell in October; third consecutive month of home price declines

A report released this morning by CoreLogic, one of the nations leading providers of property information shows that home prices in the U.S. fell in October 4.4 percent from the year before and declined by 1.1 percent from the month before marking the third consecutive monthly decline in home prices. [...]

St Louis Foreclosure and Mortgage Delinquency Rates Rise in August

The St Louis foreclosure rates was 1.67 percent for August 2011, up from 1.64 percent the month before and up from August 2010 when the rate was 1.53 percent, according to a newly released data from CoreLogic. As usual, the St Louis foreclosure rate is significantly lower than the national foreclosure rate, which was 3.43 percent for July 2011. [...]

St Louis Foreclosure Rate Increases in July

The St Louis foreclosure rates was 1.64 percent for July 2011, up from 1.62 percent the month before and up from July 2010 when the rate was 1.48 percent, according to a newly released data from CoreLogic. As usual, the St Louis foreclosure rate is significantly lower than the national foreclosure rate, which was 3.44 percent for July 2011. [...]

Housing market not out of the woods yet

Mark Fleming, Ph.D., Chief Economist for CoreLogic, in a presentation yesterday, said the housing market is not out of the woods yet as the potential of a double-dip in our economy increases and as 30 to 40 percent of economists feel there is a chance of another recession. [...]

Shadow Inventory Continues to Decline; Good news for the housing market

A report released this morning by CoreLogic shows that the current residential “shadow” inventory as of July 2011 declined slightly from 1.7 million units in April to 1.6 million units, and was down from 1.9 million units a year ago. This current shadow inventory represents a 5 month supply. CoreLogic includes in it’s shadow [...]

St. Louis homeowners with negative equity increases slightly in 2nd quarter

A report released today by CoreLogic shows that 17.30 percent (99,792) of all St. Louis homeowners with a mortgage were in a negative equity position in the second quarter of 2011, up slightly from 17.10 percent the prior quarter. Negative equity is also referred to as being “underwater” or “upside down” and refers to [...]

Foreclosure rate in St Louis decreases in June from month before but still up from a year ago

The St Louis foreclosure rates was 1.62 percent for June 2011, down from 1.71 percent the month before and up from June 2010 when the rate was 1.44 percent, according to a newly released data from CoreLogic. As usual, the St Louis foreclosure rate is significantly lower than the national foreclosure rate, which was [...]

Home prices increased in June; third consecutive month of increases

A report released by CoreLogic shows U.S. home prices increased in June 2011 by 0.7 percent from the month before, marking the third consecutive month-over-month increase. However, U.S. home prices in June 2011 decreased 6.8 percent from the year before. If we take the distressed sales (foreclosures, REO’s and short-sales) then year-over-year home prices [...]

Report shows shadow inventory continues to decline

A report released this morning by CoreLogic shows that the current residential “shadow” inventory as of April 2011 declined to 1.7 million units, down from 1.9 million units a year ago. This current shadow inventory represents a 5 month supply, same as the supply a year ago.

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St Louis Homeowners with Negative Equity Increases Slightly in First Quarter of 2011

A report released today by CoreLogic shows that 17.10 percent (97,772) of all St. Louis homeowners with a mortgage were in a negative equity position in the first quarter of 2011, up slightly from 17.0 percent the prior quarter.  Negative equity is also referred to as being “underwater” or “upside down” and refers to [...]

Will jobs fix the housing market or will housing fix the job market?

There is a lot of talk in the media today about the poor housing market and how an increase in employment would help bring the housing market back. However, the question is, will a recovery in the job market bring the housing market back, or will a recovery in the housing market bring the job [...]

St. Louis Home Prices Declined 9.70 Percent in April 2011 Compared to Year Before

A report released this morning by CoreLogic shows home prices in the St. Louis declined in April 2011 by 9.70 percent from the year before which is a larger decline than the month before when St Louis home prices were down 9.44 percent from the year before.  If we take “distressed sales” (foreclosures, REO’s [...]

St Louis Home Prices Down 9.3 Percent from Year Ago

A report released this morning by CoreLogic shows home prices in the St. Louis declined in March by 9.3 percent from the year before which is a larger decline than the month before when St Louis home prices were down 7.24 percent from the year before.

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St. Louis Foreclosure Rates Decrease Slightly in February; still up 26 percent from year ago

Dennis Norman

The St. Louis foreclosure rate in February was 1.78 percent, an increase of over 26 percent from a year ago, and just a slight decrease from January’s rate of 1.79 percent, according to a report published by CoreLogic. On a positive note, the report shows that the St. Louis Mortgage Delinquency rate [...]

St. Louis Home Prices Decreased In February; Non-Distressed Sale Prices Stabilizing

According to a report released this morning by CoreLogic, St. Louis home prices (including distressed sales) declined by 8.29 percent in February 2011 from the year before.  The prior month showed home prices had declined 7.24 percent from the year before, so the bad news is this shows home prices are continuing to trend downward.  [...]

St. Louis Foreclosure Rates Increase for Fourth-Consecutive Month

Dennis Norman

The St. Louis foreclosure rate increased 1.7 percent in January to 1.79 percent, according to a report published by CoreLogic. On a positive note, the report shows that the rate of serious mortgage delinquencies in St. Louis (90+ days delinquent) decreased slightly to 5.14 percent in December from 5.18 percent the month [...]

Shadow Inventory Drops Slightly but still at Nine-Month Supply

A report released this morning by CoreLogic shows that the current residential “shadow” inventory as of January 2011 declined to 1.8 million units, down slightly from 2.0 million units a year ago.  This current shadow inventory represents a 9 month supply, same as the suply a year ago.

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St. Louis Foreclosure Rates Increase for Third-Consecutive Month

Dennis Norman

The St. Louis foreclosure rate increased 4.8 percent in December to 1.76 percent, according to a report published by CoreLogic. On a positive note, the report shows that the rate of serious mortgage delinquencies in St. Louis (90+ days delinquent) decreased slightly to 5.14 percent in December from 5.18 percent the month [...]

Home Price Index Shows Year-Over-Year Decline for Sixth Straight Month

A report released this morning by CoreLogic shows home prices in the U.S. declined in January by 5.7 percent from the year before, marking the sixth-consecutive month year-over-year home prices have dropped, according to their index.

The January data shows home prices continuing to slide. Mark Fleming, chief economist with CoreLogic, said, “A number [...]

Number of Homeowners Underwater on Mortgage Increases

A report released this morning by CoreLogic shows negative equity, after decreasing for the three prior quarters,  increased in the fourth quarter of 2010 for residential properties.  The CoreLogic reports that 11.1 million, or 23.1 percent, of all residential properties with mortgages were in negative equity at the end of the fourth quarter of [...]

New report shows home sales may be worse than reported

Today, CoreLogic released its “U.S. Housing and Mortgage Trends Report” which stated “their research indicates that the most popular measure of existing home sales is overstated by 15 percent to 20 percent. ”

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Home prices fall in St. Louis almost 9 percent in December; Missouri ranks 5th in U.S. in home price declines

Today, CoreLogic released its December Home Price Index (HPI) showing that home prices in the U.S. declined for the fifth-straight month. The report shows home prices declined by 5.46 percent in December 2010 compared with December 2009.

St. Louis home prices fell by 8.74 percent in December 2010 compared with December 2009, a decline of [...]

St. Louis Foreclosures and Delinquencies on the rise in November

Dennis Norman

The St. Louis foreclosure rate shot up 7 percent in November to 1.67 percent, according to a report published by CoreLogic. The report also shows that the rate of serious mortgage delinquencies in St. Louis (90+ days delinquent) increase slightly to 5.18 percent in November from 5.17 percent the month before.

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St. Louis Foreclosure Rates Increase for Forth Consecutive Month

A report released by CoreLogic showed that the  St. Louis foreclosure rate increased in October marking the fourth-consecutive month of increases.  The report shows St. Louis to have a foreclosure rate in October of 1.58 percent, a slight increase from September’s 1.57 percent, however an increase of over 11 percent from a year ago. [...]

St Louis Foreclosure rate up 25 percent from a year ago

 

A report released by CoreLogic showed the St. Louis metro area to have a foreclosure rate in September of 1.57 percent, and increase of over 25 percent (25.6%) from a year ago, and an increase of a little over 3 percent from the month before.  The national foreclosure rate in September was 3.29 [...]

Report suggests distressed sales will hurt housing market for some time to come

A report released today by CoreLogic shows that, while the overall inventory of homes for sale has remained the same in the past year at 4.2 million new and existing homes for sale as of August, the number of homes in “shadow inventory” has grown from 6.1 million a year before to 6.3 million as [...]

St Louis Foreclosure rate up over 25 percent from year ago

Dennis Norman

A report released by CoreLogic showed the St. Louis metro area to have a foreclosure rate in August of 1.52 percent which is a slight increase from July’s rate of 1.48 percent but is an increase of 25.6 percent from the year prior when the rate was 1.21 percent.  Comparatively speaking, St. [...]

St. Louis foreclosures on the rise in July

Dennis Norman

A report released by CoreLogic showed the St. Louis metro area to have a foreclosure rate in July of 1.48 percent up slightly from June’s rate of 1.43 percent and an increase of 27.6 percent from the year prior when the rate was 1.16 percent.

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