The rate of St. Louisans behind on their mortgage topped 6% in February, even as the number of people actually facing foreclosure stayed relatively flat. New figures out this week from First American Core Logic show a rising tide of people facing mortgage trouble as the weak job market drags on: 6.1% of St. Louis-area borrowers are at least 90 days delinquent, according to the real estate data firm. That’s better than the national figure of 8.78%, but it’s also up markedly from the same month last year, when 4.1% of mortgages were in default.
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With home prices reaching unprecedented heights and interest rates soaring, the discerning nature of today’s buyers requires all agents to employ every possible advantage. Simply put, cutting corners on staging is a risky move that risks prolonged market presence.