The 37 percent increase is blamed on banks repossessing homes that were in the foreclosure process.
New numbers released this morning show foreclosure filings in the St. Louis area are way down, but there are troubling signs in Ferguson.
New figures released this morning bring mixed news for the St. Louis housing market.
RealtyTrac reports that nationally, 17 percent of homeowners still owe more than their home is worth. In St. Louis, that number is 23 percent.
An expert says it’s because home values are recovering, so even those who’re having trouble have a better shot at refinancing or selling.
The number of homes being foreclosed on in the St. Louis area are down, with one exception: those in the final stage of foreclosure.
RealtyTrac Vice President Daren Blomquist says that while local sales increased nine percent in June over last year, sale prices here decreased by eight percent.
The House passed the same bill last month and it now heads to Gov. Jay Nixon.
MoDot has closed the two right lanes of westbound I-255 near Koch Road, so crews can replace an expansion joint.
The measure was sponsored by Aldermanic President Lewis Reed and still needs the signature of Mayor Slay.