St Louis Foreclosures Are On The Decline
The inventory of St Louis foreclosures in February was down 0.5 percent from February 2012, according to a report from Corelogic. The decline is modest, but is still good news for our St. Louis market. There were 10,733 St Louis foreclosures completed in the 12 month period ending February 2013, the 12th highest number of the major metro areas in the U.S. covered by the Corelogic report, as shown in the table below.
| CBSA | February 2013 | |||
|---|---|---|---|---|
| Foreclosure Inventory | Foreclosure Inventory Pct. Point Change from a Year Ago | Completed Foreclosures (12 months ending February 2013) | Number of Mortgages per Completed Foreclosures (12 month sum ending February 2013) | |
| Atlanta-Sandy Springs-Marietta, GA | 2.0% | -0.7% | 31,522 | 30 |
| Phoenix-Mesa-Glendale, AZ | 1.3% | -1.7% | 25,729 | 27 |
| Chicago-Joliet-Naperville, IL | 5.3% | -1.3% | 20,113 | 60 |
| Riverside-San Bernardino-Ontario, CA | 1.7% | -1.9% | 18,618 | 35 |
| Houston-Sugar Land-Baytown, TX | 1.2% | -0.5% | 15,301 | 52 |
| Los Angeles-Long Beach-Glendale, CA | 1.2% | -1.3% | 14,897 | 78 |
| Tampa-St. Petersburg-Clearwater, FL | 10.4% | -2.2% | 14,095 | 31 |
| Warren-Troy-Farmington Hills, MI | 1.1% | -0.8% | 11,836 | 35 |
| Minneapolis-St. Paul-Bloomington, MN-WI | 1.1% | -0.8% | 11,497 | 52 |
| Dallas-Plano-Irving, TX | 1.2% | -0.3% | 11,118 | 56 |
| Orlando-Kissimmee-Sanford, FL | 9.9% | -2.7% | 10,844 | 32 |
| St. Louis, MO-IL | 1.3% | -0.5% | 10,733 | 40 |
| Sacramento–Arden-Arcade– |
1.1% | -1.6% | 8,661 | 43 |
| Denver-Aurora-Broomfield, CO | 0.9% | -0.6% | 7,497 | 63 |
| Oakland-Fremont-Hayward, CA | 0.9% | -1.3% | 5,817 | 74 |
| Seattle-Bellevue-Everett, WA | 2.4% | 0.8% | 5,557 | 87 |
| San Diego-Carlsbad-San Marcos, CA | 0.9% | -1.2% | 5,544 | 82 |
| Washington-Arlington- |
2.0% | -0.4% | 4,785 | 171 |
| Philadelphia, PA | 2.7% | -0.1% | 4,179 | 130 |
| Santa Ana-Anaheim-Irvine, CA | 0.9% | -1.2% | 3,937 | 112 |
| Portland-Vancouver-Hillsboro, OR-WA | 2.6% | 0.0% | 3,392 | 112 |
| Baltimore-Towson, MD | 3.4% | 0.3% | 1,830 | 241 |
| New York-White Plains-Wayne, NY-NJ | 5.5% | -0.1% | 1,006 | 921 |
| Nassau-Suffolk, NY | 6.6% | -0.1% | 718 | 600 |
| Edison-New Brunswick, NJ | 6.0% | 0.5% | 700 | 506 |
Source: CoreLogic February 2013
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