Mo. foreclosures fall through January

Completed Missouri foreclosures dropped 11.7 percent for the year ended Jan. 30, according to recently released data from real estate market tracker CoreLogic.

In the Show-Me State, 11,302 foreclosures were finalized during the 12-month period, compared to 12,806 a year earlier, according to a news release.

Missouri’s foreclosure inventory - representing homes currently in the foreclosure process - was at 0.6 percent in January, below the national average of 1.2 percent.

In the U.S., 38,000 foreclosures were completed during January, a roughly 17 percent decease from 46,000 in the same month a year earlier, according to the release.

"In January, the national foreclosure rate was 1.2 percent, down to one-third the peak from exactly five years earlier in January 2011, a remarkable improvement," said Frank Nothaft, chief economist for CoreLogic, in the release.