St. Louis Foreclosure Rates Declines in March; 3rd consecutive monthly decline

Dennis Norman

The St. Louis foreclosure rate in March was 1.73 percent, down slightly from 1.78 percent the prior month, but up over 21 percent from a year ago,  according to a report published by CoreLogic. The report shows that the St. Louis Mortgage Delinquency rate (Serious delinquency, 90+ days delinquent) decreased to 4.83 percent in March, down from 5.1 percent the month before and down 14 percent from a year ago.  This is the first month the St Louis Mortgage Delinquency rate was below 5 percent since August 2009.