St. Louis Housing Market Shows Improvement
ST. LOUIS (AP) — The St. Louis region’s housing market is showing signs of improvement.
KSDK-TV reports that the region’s foreclosure rate in May was 1.16 percent, down from 1.75 percent in May 2012 and below the national rate of 2.61 percent. That’s according to a report released Tuesday by CoreLogic.
St. Louis’ foreclosure rate remains higher than Missouri’s overall rate of 0.95 percent.
CoreLogic says the St. Louis area’s 90-plus-day mortgage delinquency rate of 3.88 percent is down from 4.70 percent a year ago. The national delinquency rate is 5.63 percent; Missouri’s is 3.54 percent.