Mortgage Delinquency Rates Continue to Improve-St Louis Distressed Home Sales Falling

Mortgage delinquency rates, the precursor to foreclosures, continue to fall as the real estate market continues to perform well.  The 30-plus day mortgage delinquency rate for June 2018 fell to 4.3% of all outstanding mortgages down from 4.6% a year ago, according to a report just released by CoreLogic.  Frank Nothaft, the Chief Economist for CoreLogic, attributed the good news to “A solid labor market” going on to say that June’s national unemployment rate of 4% was “the lowest for June in 18 years“.

St Louis distressed home sales falling quickly…

With the economy and real estate market doing so well, distressed home sales (short-sales and foreclosures) continue to decline.  As our chart below shows, the 12-month trend line for distressed home sales in the 5-County core St Louis market (city of St Louis and the counties of St Louis, St Charles, Jefferson, and Franklin)  fell to 1,137 sales for the 12-month period ending August 2018.  This is a decline of 30% in distressed home sales in St Louis, from a year ago when there were 1,632 distressed home sales during the prior 12-month period.

  

St Louis Distressed Home Sales -12 Month Trend – Past 24 Months

(Click on chart for live chart)

St Louis Distressed Home Sales -12 Month Trend - Past 24 Months

 

 

 

Print Friendly, PDF & Email

27 comments to Mortgage Delinquency Rates Continue to Improve-St Louis Distressed Home Sales Falling

  • … [Trackback]

    […] Here you will find 1911 more Info to that Topic: stlouisrealestatenews.com/investment-foreclosures/st-louis-foreclosures/mortgage-delinquency-rates-continue-to-improve-st-louis-distressed-home-sales-falling/ […]

  • … [Trackback]

    […] Info on that Topic: stlouisrealestatenews.com/investment-foreclosures/st-louis-foreclosures/mortgage-delinquency-rates-continue-to-improve-st-louis-distressed-home-sales-falling/ […]

  • … [Trackback]

    […] There you can find 90576 more Info to that Topic: stlouisrealestatenews.com/investment-foreclosures/st-louis-foreclosures/mortgage-delinquency-rates-continue-to-improve-st-louis-distressed-home-sales-falling/ […]

  • … [Trackback]

    […] Find More on to that Topic: stlouisrealestatenews.com/st-louis-foreclosures/mortgage-delinquency-rates-continue-to-improve-st-louis-distressed-home-sales-falling/ […]

  • … [Trackback]

    […] Here you can find 69413 more Info on that Topic: stlouisrealestatenews.com/st-louis-foreclosures/mortgage-delinquency-rates-continue-to-improve-st-louis-distressed-home-sales-falling/ […]

  • … [Trackback]

    […] Read More on that Topic: stlouisrealestatenews.com/investment-foreclosures/st-louis-foreclosures/mortgage-delinquency-rates-continue-to-improve-st-louis-distressed-home-sales-falling/ […]

  • … [Trackback]

    […] Find More to that Topic: stlouisrealestatenews.com/investment-foreclosures/st-louis-foreclosures/mortgage-delinquency-rates-continue-to-improve-st-louis-distressed-home-sales-falling/ […]

  • … [Trackback]

    […] Find More on on that Topic: stlouisrealestatenews.com/investment-foreclosures/st-louis-foreclosures/mortgage-delinquency-rates-continue-to-improve-st-louis-distressed-home-sales-falling/ […]

  • … [Trackback]

    […] Info on that Topic: stlouisrealestatenews.com/st-louis-foreclosures/mortgage-delinquency-rates-continue-to-improve-st-louis-distressed-home-sales-falling/ […]

  • … [Trackback]

    […] Info to that Topic: stlouisrealestatenews.com/st-louis-foreclosures/mortgage-delinquency-rates-continue-to-improve-st-louis-distressed-home-sales-falling/ […]

  • … [Trackback]

    […] Information to that Topic: stlouisrealestatenews.com/st-louis-foreclosures/mortgage-delinquency-rates-continue-to-improve-st-louis-distressed-home-sales-falling/ […]

  • … [Trackback]

    […] Read More here to that Topic: stlouisrealestatenews.com/investment-foreclosures/st-louis-foreclosures/mortgage-delinquency-rates-continue-to-improve-st-louis-distressed-home-sales-falling/ […]

  • … [Trackback]

    […] Find More here to that Topic: stlouisrealestatenews.com/st-louis-foreclosures/mortgage-delinquency-rates-continue-to-improve-st-louis-distressed-home-sales-falling/ […]

  • … [Trackback]

    […] Read More here to that Topic: stlouisrealestatenews.com/st-louis-foreclosures/mortgage-delinquency-rates-continue-to-improve-st-louis-distressed-home-sales-falling/ […]

  • … [Trackback]

    […] Read More here to that Topic: stlouisrealestatenews.com/investment-foreclosures/st-louis-foreclosures/mortgage-delinquency-rates-continue-to-improve-st-louis-distressed-home-sales-falling/ […]

  • … [Trackback]

    […] Find More to that Topic: stlouisrealestatenews.com/st-louis-foreclosures/mortgage-delinquency-rates-continue-to-improve-st-louis-distressed-home-sales-falling/ […]

  • … [Trackback]

    […] Read More here to that Topic: stlouisrealestatenews.com/st-louis-foreclosures/mortgage-delinquency-rates-continue-to-improve-st-louis-distressed-home-sales-falling/ […]

  • … [Trackback]

    […] There you can find 97750 additional Information on that Topic: stlouisrealestatenews.com/st-louis-foreclosures/mortgage-delinquency-rates-continue-to-improve-st-louis-distressed-home-sales-falling/ […]

  • … [Trackback]

    […] Find More on to that Topic: stlouisrealestatenews.com/st-louis-foreclosures/mortgage-delinquency-rates-continue-to-improve-st-louis-distressed-home-sales-falling/ […]

  • … [Trackback]

    […] Read More here to that Topic: stlouisrealestatenews.com/investment-foreclosures/st-louis-foreclosures/mortgage-delinquency-rates-continue-to-improve-st-louis-distressed-home-sales-falling/ […]

  • … [Trackback]

    […] Find More here on that Topic: stlouisrealestatenews.com/st-louis-foreclosures/mortgage-delinquency-rates-continue-to-improve-st-louis-distressed-home-sales-falling/ […]

  • … [Trackback]

    […] Find More on on that Topic: stlouisrealestatenews.com/investment-foreclosures/st-louis-foreclosures/mortgage-delinquency-rates-continue-to-improve-st-louis-distressed-home-sales-falling/ […]

  • … [Trackback]

    […] Find More Information here to that Topic: stlouisrealestatenews.com/st-louis-foreclosures/mortgage-delinquency-rates-continue-to-improve-st-louis-distressed-home-sales-falling/ […]

  • … [Trackback]

    […] Find More Information here on that Topic: stlouisrealestatenews.com/st-louis-foreclosures/mortgage-delinquency-rates-continue-to-improve-st-louis-distressed-home-sales-falling/ […]

  • … [Trackback]

    […] Read More to that Topic: stlouisrealestatenews.com/investment-foreclosures/st-louis-foreclosures/mortgage-delinquency-rates-continue-to-improve-st-louis-distressed-home-sales-falling/ […]

  • … [Trackback]

    […] Info to that Topic: stlouisrealestatenews.com/investment-foreclosures/st-louis-foreclosures/mortgage-delinquency-rates-continue-to-improve-st-louis-distressed-home-sales-falling/ […]

  • … [Trackback]

    […] Info to that Topic: stlouisrealestatenews.com/investment-foreclosures/st-louis-foreclosures/mortgage-delinquency-rates-continue-to-improve-st-louis-distressed-home-sales-falling/ […]