St Louis had 6,215 completed foreclosures in 2014 putting it 7th on the list of metros in the U.S. in terms of the number of completed foreclosures. As the table below, which lists the 25 top metro areas for foreclosures, shows, Tampa saw the most foreclosures with over 18,000 being completed during 2014, according to newly released data from Corelogic.
According to the Corelogic report, there were 563,294 completed foreclosures in the U.S. during 2014, the lowest total for any 12 month period since November 2007 when it was 589,570.
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Highlights from Corelogic’s foreclosure report for December 2014:
- All states posted double-digit year-over-year declines in foreclosure inventory with the exception of West Virginia, which experienced a 9.5 percent decrease. The District of Columbia experienced a 21.7 percent increase.
- Thirty-three states showed declines in year-over-year foreclosure inventory of greater than 30 percent, with the largest declines in Utah (-48.8 percent) and Florida (-48.6 percent).
- The national serious delinquency rate, defined as 90 days or more past due, was 4.1 percent in December 2014, the lowest rate since June 2008. The level of serious delinquencies in December 2014 was 21.6 percent lower than in December 2013.
- The five states with the highest number of completed foreclosures for the 12 months ending in December 2014 were Florida (118,000), Michigan (49,000), Texas (35,000), California (29,000) and Ohio (28,000). These five states accounted for almost half of all completed foreclosures nationally.
- Four states and the District of Columbia experienced the lowest number of completed foreclosures for the 12 months ending in December 2014: South Dakota (40), the District of Columbia (61), North Dakota (327), West Virginia (500) and Wyoming (551).
- Four states and the District of Columbia experienced the highest foreclosure inventory as a percentage of all mortgaged homes: New Jersey (5.2 percent), New York (4.0 percent), Florida (3.7 percent), Hawaii (2.7 percent) and the District of Columbia (2.4 percent).
- The five states with the lowest foreclosure inventory as a percentage of all mortgaged homes were Alaska (0.3 percent), Nebraska (0.4 percent), North Dakota (0.4 percent), Arizona (0.5 percent) and Montana (0.5 percent).
