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.
Home prices kept rising in July across the United States, buoyed by greater sales and fewer foreclosures.
Developers have a $120 million plan to revitalize Northwest Plaza, which fell into foreclosure and is now nearly vacant.
Borrowers who lost homes through faulty foreclosures from 2008 through 2011 are eligible for $2,000 payments.