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CoreLogic: Springfield’s residential market at a glance

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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.

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