St. Louis Foreclosures Increase in June

Dennis Norman

A report released by CoreLogic showed the St. Louis metro area to have a foreclosure rate in June of 1.48 percent up slightly from May’s rate of 1.46 percent and an increase of 28.7 percent from the year prior when the rate was 1.15 percent.

The national foreclosure rate for June remains over twice the rate of St. Louis at 3.06 percent which is an increase of 16.8 percent from a year ago when the national foreclosure rate was 2.62 percent. For the State of Missouri the foreclosure rate in June was 1.27 percent, a 17.6 percent increase from a year ago when Missouri’s rate was 1.08 percent.

Mortgage delinquencies decrease for fifth consecutive month…

On the positive side of things, the rate of serious mortgage delinquencies in St. Louis continues to fall at a slow, but steady rate.  For June 2010, 5.32 percent of the home loans in St. Louis were 90 days or more delinquent on their mortgage payments, an increase of 22.0 percent from a year ago when the delinquency rate in St. Louis was 4.36 percent.

Nationally, the rate of serious delinquency on home mortgages in June 2010 hit 8.05 percent, an increase of 23.3 percent from a year ago when the national rate was 6.53 percent.

 

 

Print Friendly, PDF & Email

6 comments to St. Louis Foreclosures Increase in June

  • Howdy are using WordPress for your blog platform?
    I’m new to the blog world but I’m trying to get started and create my own. Do you
    need any coding expertise to make your own blog? Any help
    would be really appreciated!

  • You could certainly see your expertise in the work you write. The world hopes for even more passionate writers like you who are not afraid to say how they believe. Always follow your heart.

  • Great – I should definitely pronounce, impressed with your site. I had no trouble navigating through all tabs as well as related info ended up being truly easy to do to access. I recently found what I hoped for before you know it in the least. Reasonably unusual. Is likely to appreciate it for those who add forums or anything, site theme . a tones way for your client to communicate. Nice task..

  • … [Trackback]

    […] Info on that Topic: stlouisrealestatenews.com/investment-foreclosures/foreclosure/st-louis-foreclosures-increase-in-june/ […]

  • Very interesting topic, thanks for posting.

  • … [Trackback]

    […] Read More Info here on that Topic: stlouisrealestatenews.com/investment-foreclosures/foreclosure/st-louis-foreclosures-increase-in-june/ […]

Leave a Reply

You can use these HTML tags

<a href="" title=""> <abbr title=""> <acronym title=""> <b> <blockquote cite=""> <cite> <code> <del datetime=""> <em> <i> <q cite=""> <s> <strike> <strong>