YOUR BUSINESS AUTHORITY

Springfield, MO

Log in Subscribe

CoreLogic: Springfield’s residential market at a glance

Posted online

Real estate market tracker CoreLogic recently reported home price, equity and mortgage delinquency rates for the Queen City.

During October, Springfield home prices — including distressed sales that factor short sales and real-estate owned transactions — increased by 1.9 percent compared with the same month a year earlier, according to a news release.

Compared with September, October home prices locally were up 0.3 percent, CoreLogic reports.

Missouri’s year-over-year average grew by 5.9 percent, with the national average increase at 7 percent, according to the release.

In the third quarter, 3,794, or 5 percent, of all Springfield residential properties had negative equity. That’s down from 4,040 homes, or 5.4 percent, of the market, in third-quarter 2016, according to a separate CoreLogic news release.

Another 796 area homes, or 1.1 percent, were in near-negative equity status.

The U.S. negative equity share in the third quarter was 4.9 percent, while Missouri’s was 3.9 percent, according to the release.

CoreLogic’s report on mortgage delinquencies indicated 3.4 percent of home loans in Springfield were delinquent by at least 30 days as of September. That’s down from 3.6 percent a year earlier.

According to a news release, the U.S. foreclosure rate was 0.6 percent in September, Missouri’s was 0.3 percent and Springfield’s was 0.2 percent.

Comments

No comments on this story |
Please log in to add your comment
Editors' Pick
From the Ground Up: Republic Intermediate School

The Republic School District is on track to open its Intermediate School for fifth- and sixth-grade students for the 2025-26 academic year.

Most Read
Update cookies preferences