Missouri Foreclosure Activity Trends Upward in May

Total foreclosure filings statewide up 4 percent from April

 

Missouri foreclosure activity rose in May to 2,796 properties with foreclosure filings, a 4 percent increase from the previous month, and a 44 percent decrease from the level reported in May 2008, according to RealtyTrac’s® latest U.S. Foreclosure Market Report.  

 

“Although Missouri foreclosures increased slightly in May, the numbers have decreased significantly since this time last year,” said James J. Saccacio, chief executive officer of RealtyTrac. “The state’s unemployment rate dropped more than half a percent in April and is now well below the national average. Its home values have also remained relatively steady during the past year compared to other states. These factors are likely contributing to the overall decline.”

 

Missouri ranked 25th in the country in total foreclosures reported for the month. With one in every 947 housing units receiving a foreclosure filing, its foreclosure rate ranked 26th among the 50 states.

 

Five counties accounted for 88 percent of state’s foreclosure activity for May

Saint Louis County led all other counties, reporting 885 properties with foreclosure filings for the month. Jackson County posted the second highest total, where 784 properties with foreclosure filings were reported. Saint Louis City had the third highest total, reporting 330 properties with foreclosure filings, followed by Saint Charles County, where 259 properties with foreclosure filings were tallied. Greene County held the fifth highest total, where 198 properties with foreclosure filings were reported for the month.

 

Jackson County posts state’s highest foreclosure rate for May

Jackson County posted the highest county foreclosure rate in the state, with one in every 403 housing units receiving a foreclosure filing during the month. Saint Louis County had the second highest rate, with one in every 492 housing units receiving a foreclosure filing. Saint Charles County posted the third highest rate, where one in every 519 housing units received a foreclosure filing during the month.

 

State contributes 1 percent to nation’s foreclosure activity for May

Foreclosure activity in Missouri represented 1 percent of the 321,480 properties with foreclosure filings reported nationwide in May. Total U.S. activity fell 6 percent from the previous month but was still nearly 18 percent ahead of May 2008. One in every 398 U.S. housing units received a foreclosure filing during the month.

 

Report methodology

The RealtyTrac Monthly U.S. Foreclosure Market Report provides a count of the total number of properties with at least one foreclosure filing reported during the month — broken out by type of filing at the county, state and national level. RealtyTrac’s report incorporates documents filed in all three phases of foreclosure: Default Notice of Default (NOD) and Lis Pendens (LIS); Auction Notice of Trustee Sale and Notice of Foreclosure Sale (NTS and NFS); and Real Estate Owned, or REO properties (that have been foreclosed on and repurchased by a bank). If more than one foreclosure document is filed against a property during the month — which is extremely rare — only the most recent filing is counted in the report. The report also checks if the same type of document was filed against a property in a previous month. If so, and if that previous filing occurred within the estimated foreclosure timeframe for the state the property is in, the report does not count the property in the current month.

 

For current news and information regarding foreclosure-related issues and trends, check out our blog at www.ForeclosurePulse.com.

 

        Missouri Foreclosure Market Data by County – May 2009

 

County

NOD

LIS

NTS

NFS

REO

Total

1/every X HU (rate)

% Chg Apr 09

% Chg May 08

 

 

 

 

 

 

 

 

 

 

United States

55,442

67,687

100,578

32,756

65,017

321,480

398

– 6.01

17.76

Missouri

1

0

1,835

0

960

2,796

947

3.63

-43.96

 

 

 

 

 

 

 

 

 

 

Adair

0

0

0

0

0

0

 n/a

 n/a

 n/a

Andrew

0

0

0

0

0

0

 n/a

 n/a

-100.00

Atchison

0

0

0

0

0

0

 n/a

 n/a

 n/a

Audrain

0

0

0

0

0

0

 n/a

 n/a

-100.00

Barry

0

0

0

0

0

0

 n/a

 n/a

 n/a

Barton

0

0

0

0

0

0

 n/a

 n/a

 n/a

Bates

0

0

0

0

0

0

 n/a

-100.00

 n/a

Benton

0

0

0

0

0

0

 n/a

 n/a

 n/a

Bollinger

0

0

0

0

0

0

 n/a

 n/a

-100.00

Boone

0

0

0

0

15

15

4,615

-46.43

200.00

Buchanan

0

0

0

0

7

7

5,384

-73.08

40.00

Butler

0

0

0

0

4

4

4,815

-55.56

-50.00

Caldwell

0

0

0

0

0

0

 n/a

 n/a

 n/a

Callaway

0

0

0

0

0

0

 n/a

 n/a

-100.00

Camden

0

0

0

0

1

1

35,577

 n/a

-50.00

Cape Girardeau

0

0

0

0

0

0

 n/a

 n/a

-100.00

Carroll

0

0

0

0

0

0

 n/a

 n/a

 n/a

Carter

0

0

0

0

0

0

 n/a

 n/a

 n/a

Cass

0

0

0

0

14

14

2,773

-63.16

-90.54

Cedar

0

0

0

0

0

0

 n/a

 n/a

 n/a

Chariton

0

0

0

0

0

0

 n/a

 n/a

-100.00

Christian

0

0

0

0

19

19

1,559

-32.14

-34.48

Clark

0

0

0

0

0

0

 n/a

 n/a

 n/a

Clay

1

0

2

0

86

89

953

67.92

-65.23

Clinton

0

0

0

0

0

0

 n/a

-100.00

-100.00

Cole

0

0

0

0

0

0

 n/a

-100.00

-100.00

Cooper

0

0

0

0

0

0

 n/a

 n/a

 n/a

Crawford

0

0

0

0

1

1

11,364

 n/a

 n/a

Dade

0

0

0

0

0

0

 n/a

 n/a

-100.00

Dallas

0

0

0

0

1

1

7,272

-50.00

 n/a

Daviess

0

0

0

0

0

0

 n/a

 n/a

 n/a

DeKalb

0

0

0

0

0

0

 n/a

 n/a

 n/a

Dent

0

0

0

0

0

0

 n/a

 n/a

 n/a

Douglas

0

0

0

0

0

0

 n/a

 n/a

 n/a

Dunklin

0

0

0

0

0

0

 n/a

 n/a

 n/a

Franklin

0

0

3

0

1

4

10,741

0.00

-90.00

Gasconade

0

0

0

0

0

0

 n/a

 n/a

 n/a

Gentry

0

0

0

0

0

0

 n/a

 n/a

-100.00

Greene

0

0

144

0

54

198

612

-3.41

138.55

Grundy

0

0

0

0

0

0

 n/a

 n/a

 n/a

Harrison

0

0

0

0

0

0

 n/a

 n/a

 n/a

Henry

0

0

0

0

0

0

 n/a

-100.00

 n/a

Hickory

0

0

0

0

0

0

 n/a

 n/a

 n/a

Holt

0

0

0

0

0

0

 n/a

 n/a

 n/a

Howard

0

0

0

0

0

0

 n/a

 n/a

 n/a

Howell

0

0

0

0

3

3

5,754

0.00

-86.36

Iron

0

0

0

0

0

0

 n/a

 n/a

-100.00

Jackson

0

0

449

0

335

784

403

-0.13

-47.70

Jasper

0

0

1

0

20

21

2,341

40.00

-77.42

Jefferson

0

0

86

0

20

106

813

-13.82

-61.73

Johnson

0

0

1

0

0

1

20,570

 n/a

0.00

Knox

0

0

0

0

0

0

 n/a

 n/a

 n/a

Laclede

0

0

0

0

0

0

 n/a

-100.00

 n/a

Lafayette

0

0

0

0

0

0

 n/a

 n/a

-100.00

Lawrence

0

0

1

0

0

1

15,506

 n/a

 n/a

Lewis

0

0

0

0

0

0

 n/a

 n/a

 n/a

Lincoln

0

0

1

0

0

1

17,437

 n/a

0.00

Linn

0

0

0

0

0

0

 n/a

 n/a

 n/a

Livingston

0

0

0

0

0

0

 n/a

 n/a

 n/a

Macon

0

0

0

0

0

0

 n/a

 n/a

 n/a

Madison

0

0

0

0

0

0

 n/a

 n/a

 n/a

Maries

0

0

0

0

0

0

 n/a

 n/a

-100.00

Marion

0

0

0

0

0

0

 n/a

 n/a

 n/a

McDonald

0

0

0

0

0

0

 n/a

-100.00

-100.00

Mercer

0

0

0

0

0

0

 n/a

 n/a

 n/a

Miller

0

0

0

0

1

1

11,994

 n/a

 n/a

Mississippi

0

0

0

0

0

0

 n/a

 n/a

 n/a

Moniteau

0

0

0

0

0

0

 n/a

 n/a

 n/a

Monroe

0

0

0

0

0

0

 n/a

 n/a

 n/a

Montgomery

0

0

0

0

0

0

 n/a

 n/a

 n/a

Morgan

0

0

0

0

0

0

 n/a

-100.00

 n/a

New Madrid

0

0

0

0

0

0

 n/a

 n/a

 n/a

Newton

0

0

0

0

1

1

23,041

 n/a

0.00

Nodaway

0

0

0

0

0

0

 n/a

 n/a

 n/a

Oregon

0

0

0

0

0

0

 n/a

 n/a

 n/a

Osage

0

0

0

0

0

0

 n/a

 n/a

 n/a

Ozark

0

0

0

0

0

0

n/a 

-100.00

 n/a

Pemiscot

0

0

0

0

0

0

 n/a

 n/a

 n/a

Perry

0

0

0

0

0

0

 n/a

 n/a

-100.00

Pettis

0

0

0

0

0

0

 n/a

 n/a

 n/a

Phelps

0

0

0

0

0

0

 n/a

 n/a

 n/a

Pike

0

0

0

0

0

0

 n/a

 n/a

 n/a

Platte

0

0

0

0

21

21

1,744

-57.14

-58.00

Polk

0

0

1

0

2

3

4,035

 n/a

-40.00

Pulaski

0

0

0

0

0

0

 n/a

-100.00

-100.00

Putnam

0

0

0

0

0

0

 n/a

 n/a

 n/a

Ralls

0

0

1

0

0

1

4,704

 n/a

 n/a

Randolph

0

0

0

0

0

0

 n/a

 n/a

 n/a

Ray

0

0

0

0

0

0

 n/a

 n/a

 n/a

Reynolds

0

0

0

0

0

0

 n/a

-100.00

 n/a

Ripley

0

0

0

0

0

0

 n/a

 n/a

 n/a

Saint Charles

0

0

190

0

69

259

519

56.02

-13.38

Saint Clair

0

0

0

0

0

0

 n/a

 n/a

 n/a

Saint Francois

0

0

0

0

0

0

 n/a

 n/a

-100.00

Saint Louis

0

0

707

0

178

885

492

13.03

-38.84

Saint Louis City

0

0

245

0

85

330

545

4.43

-51.75

Sainte Genevieve

0

0

0

0

0

0

 n/a

 n/a

 n/a

Saline

0

0

0

0

0

0

 n/a

 n/a

 n/a

Schuyler

0

0

0

0

0

0

 n/a

 n/a

 n/a

Scotland

0

0

0

0

0

0

 n/a

 n/a

 n/a

Scott

0

0

0

0

0

0

 n/a

-100.00

-100.00

Shannon

0

0

0

0

0

0

 n/a

 n/a

 n/a

Shelby

0

0

0

0

0

0

 n/a

 n/a

 n/a

Stoddard

0

0

0

0

0

0

 n/a

 n/a

 n/a

Stone

0

0

0

0

0

0

 n/a

 n/a

 n/a

Sullivan

0

0

0

0

0

0

 n/a

 n/a

 n/a

Taney

0

0

1

0

20

21

1,176

-48.78

600.00

Texas

0

0

0

0

0

0

 n/a

-100.00

 n/a

Vernon

0

0

0

0

0

0

 n/a

 n/a

 n/a

Warren

0

0

1

0

1

2

6,943

 n/a

 n/a

Washington

0

0

0

0

1

1

10,258

-50.00

 n/a

Wayne

0

0

0

0

0

0

 n/a

 n/a

 n/a

Webster

0

0

1

0

0

1

13,288

 n/a

 n/a

Worth

0

0

0

0

0

0

 n/a

 n/a

 n/a

Wright

0

0

0

0

0

0

 n/a

 n/a

 n/a

 

To search and research real estate data for more than 130 million properties nationwide, sign up for a FREE trial to RealtyTrac.

For the latest real estate news and trends get a FREE issue of our award-winning real estate newsletter, the Housing News Report.

Related Posts

Leave a Reply

Copyright © 2016 Renwood RealtyTrac LLC - All rights reserved