The St. Louis Foreclosure Rate declined over 23 percent in April from the prior month and was down almost 39 percent from a year ago, according to a report released this morning by RealtyTrac. Granted, some of this decline for April was no doubt due to the severe storms that hit the area April 19th triggering a moratorium on foreclosures for many (as I wrote about yesterday) but even without that, I ‘m sure the rate would still be down, which is good.
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