MISSOURI FORECLOSURES INCREASE 6 PERCENT IN MARCH

ACCORDING TO REALTYTRAC™ U.S. FORECLOSURE MARKET REPORT

 

Activity Up 61 Percent From a Year Ago

 

IRVINE, Calif. – April 23, 2007 – Missouri reported 2,494 foreclosure filings in March, a 6 percent increase from the previous month, and a 61 percent increase from March 2006, according to the latest RealtyTrac™ U.S. Foreclosure Market Report.

 

RealtyTrac publishes the largest and most comprehensive national database of pre-foreclosure and foreclosure properties, with over 900,000 properties from nearly 2,500 counties across the country, and is the foreclosure data provider to MSN Real Estate, Yahoo! Real Estate and The Wall Street Journal’s Real Estate Journal.

 

Missouri foreclosures are up significantly from this time last year,” said James J. Saccacio, chief executive officer of RealtyTrac. “Statistics show that the state’s home price appreciation rate was 18 percent below the national average in 2006, and that its unemployment rate is currently about 10 percent higher. These factors are likely contributing to the overall rise.”

 

Missouri ranked 18th in the country in total foreclosures for March. The state’s foreclosure rate of one foreclosure filing for every 977 households ranks it 16th among the 50 states.

 

Jackson County accounts for largest share of state total

Jackson County reported the highest total for the month, reporting 1,070 foreclosure filings. St. Louis City reported the second highest total, with 381 foreclosure filings, followed by St. Louis County with 286 foreclosure filings.

 

St. Charles County posts highest foreclosure rate

St. Charles County posted the highest foreclosure rate in Missouri for March, reporting one foreclosure filing for every 26 households — 37 times the state average and 29.5 times the national average. Jackson County reported the second highest rate, with one foreclosure filing for every 269 households — 3.6 times the state average and 2.9 times the national average. St. Louis City posted the third highest foreclosure rate, with one foreclosure filing for every 463 households — 2.1 times the state average and 1.7 times the national average. 

 

State contributes 2 percent to national total

Total foreclosure filings in Missouri accounted for 2 percent of the 149,150 foreclosure filings nationwide. The national total was up almost 7 percent from the previous month, and surged 47 percent from March 2006. The nation’s foreclosure rate increased to one foreclosure filing for every 775 U.S. households during the month.

 

The RealtyTrac Monthly U.S. Foreclosure Market Report provides the total number of foreclosure filings — both nationwide and by state — over the preceding month. RealtyTrac’s report includes properties in all three phases of foreclosure: Defaults — Notice of Default (NOD) and Lis Pendens (LIS); Auctions — 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).

 

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

 

 

                    Missouri Foreclosure Market by County – March 2007

 

County

NOD

NTS

NFS

LIS

REO

Total

1 in every # households

/National Average

/State Average

 

 

 

 

 

 

 

 

 

 

United States

47,135

51,203

8,906

19,416

22,491

149,150

775

n/a

n/a

Missouri

987

599

0

0

908

2,494

977

0.79

n/a

 

 

 

 

 

 

 

 

 

 

Audrain

0

0

0

0

0

0

n/a

0.00

0.00

Barry

0

1

0

0

0

1

15,964

0.05

0.06

Bates

0

0

0

0

1

1

7,247

0.11

0.13

Benton

0

0

0

0

0

0

n/a

0.00

0.00

Boone

0

14

0

0

0

14

4,048

0.19

0.24

Buchanan

14

13

0

0

24

48

762

1.02

1.28

Butler

4

1

0

0

1

6

3,118

0.25

0.31

Callaway

0

0

0

0

0

0

n/a

0.00

0.00

Camden

0

0

0

0

0

0

n/a

0.00

0.00

Cape Girardeau

1

0

0

0

2

3

9,811

0.08

0.10

Cass

2

7

0

0

19

28

1,131

0.69

0.86

Cedar

0

0

0

0

0

0

n/a

0.00

0.00

Christian

1

0

0

0

0

1

21,827

0.04

0.04

Clay

95

2

0

0

34

131

582

1.33

1.68

Clinton

0

0

0

0

0

0

n/a

0.00

0.00

Cole

0

0

0

0

0

0

n/a

0.00

0.00

Cooper

0

0

0

0

0

0

n/a

0.00

0.00

Crawford

0

0

0

0

0

0

n/a

0.00

0.00

Dallas

0

0

0

0

0

0

n/a

0.00

0.00

Daviess

0

2

0

0

0

2

1,927

0.40

0.51

De Kalb

0

0

0

0

0

0

n/a

0.00

0.00

Douglas

0

0

0

0

0

0

n/a

0.00

0.00

Franklin

41

1

0

0

30

72

532

1.46

1.84

Greene

66

39

0

0

11

116

901

0.86

1.08

Henry

0

0

0

0

0

0

n/a

0.00

0.00

Hickory

0

0

0

0

0

0

n/a

0.00

0.00

Howard

0

0

0

0

0

0

n/a

0.00

0.00

Howell

1

1

0

0

0

2

8,170

0.09

0.12

Iron

0

0

0

0

0

0

n/a

0.00

0.00

Jackson

301

453

0

0

316

1,070

269

2.88

3.63

Jasper

7

2

0

0

26

35

1,302

0.60

0.75

Jefferson

82

5

0

0

31

118

641

1.21

1.53

Johnson

0

1

0

0

0

1

18,886

0.04

0.05

Laclede

0

1

0

0

0

1

14,320

0.05

0.07

Lafayette

0

0

0

0

0

0

n/a

0.00

0.00

Lawrence

0

3

0

0

0

3

4,930

0.16

0.20

Lincoln

0

0

0

0

0

0

n/a

0.00

0.00

Linn

1

0

0

0

0

1

6,554

0.12

0.15

McDonald

1

0

0

0

0

1

9,287

0.08

0.11

Miller

0

0

0

0

0

0

n/a

0.00

0.00

Mississippi

0

1

0

0

0

1

5,840

0.13

0.17

Moniteau

0

0

0

0

0

0

n/a

0.00

0.00

Montgomery

0

0

0

0

0

0

n/a

0.00

0.00

Morgan

0

0

0

0

0

0

n/a

0.00

0.00

Newton

0

0

0

0

0

0

n/a

0.00

0.00

Oregon

0

0

0

0

0

0

n/a

0.00

0.00

Osage

0

0

0

0

0

0

n/a

0.00

0.00

Perry

2

0

0

0

2

4

1,954

0.40

0.50

Phelps

0

0

0

0

0

0

n/a

0.00

0.00

Pike

0

1

0

0

0

1

7,493

0.10

0.13

Platte

0

2

0

0

13

15

2,060

0.38

0.47

Polk

0

0

0

0

0

0

n/a

 0.00

0.00

Pulaski

0

0

0

0

0

0

n/a

0.00

0.00

Putnam

0

0

0

0

0

0

n/a

0.00

0.00

Randolph

0

0

0

0

0

0

n/a

0.00

0.00

Ray

0

0

0

0

0

0

n/a

0.00

0.00

Saint Charles

103

16

0

0

28

147

26

29.51

37.20

Saint Francois

0

0

0

0

0

0

n/a

0.00

0.00

Saint Louis

24

21

0

0

241

286

1,482

0.52

0.66

Saint Louis City

239

10

0

0

132

381

463

1.67

2.11

Saline

0

1

0

0

0

1

10,019

0.08

0.10

Scott

0

1

0

0

0

1

16,951

0.05

0.06

Stone

0

0

0

0

0

0

n/a

0.00

0.00

Sullivan

0

0

0

0

0

0

n/a

0.00

0.00

Taney

0

0

0

0

0

0

n/a

0.00

0.00

Texas

0

0

0

0

0

0

n/a

0.00

0.00

Warren

0

0

0

0

0

0

n/a

0.00

0.00

Washington

0

0

0

0

0

0

n/a

0.00

0.00

Webster

2

0

0

0

0

2

6,026

0.13

0.16

Wright

0

0

0

0

0

0

n/a

0.00

0.00

 

About RealtyTrac Inc.

Ranked as the third largest real estate site by MediaMetrix, and No. 53 on Inc. magazine’s 2006 Inc. 500 list of the nation’s fastest growing private companies, RealtyTrac Inc. (www.realtytrac.com), is the leading online marketplace for foreclosure properties, providing all the resources that home seekers, investors and real estate agents need to locate, evaluate and buy properties below market value.

 

Founded in 1996, RealtyTrac publishes the largest and most comprehensive national database of pre-foreclosure, foreclosure, For Sale By Owner, resale and new homes, with more than 1.3 million properties across the country, property reports, productivity tools and extensive professional resources. RealtyTrac hosts nearly 3 million unique visitors monthly and has been chosen to supply foreclosure data to MSN Real Estate, Yahoo! Real Estate and the Wall Street Journal’s Real Estate Journal. For more information, visit (www.realtytrac.com).

 

###

 

Media Contact:

Michelle Sabolich

Atomic Public Relations

415-402-0230

michelle.sabolich@atomicpr.com

 

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