State, nation outpace Springfield’s foreclosure dip

While Springfield’s foreclosure rate dipped in August, its rate of decrease was outpaced by state and national figures, according to real estate market tracker CoreLogic’s latest report.

The Queen City foreclosure rate ticked down five-tenths of a point to 0.38 percent in August compared with the same month last year. Missouri’s rate moved down to 0.45 percent from 0.64 percent, while the nation’s number dropped to 0.9 percent from 1.28 percent, according to a news release.

Springfield’s August rate was the second lowest this year for the city after recording 0.37 percent in March.

The city also was outpaced by the state and nation in mortgage delinquency rates, referring to loans at least 90 days delinquent, according to the release.

The rate in Springfield dropped to 1.46 percent from 1.77 percent in August 2015. Missouri’s rate fell to 2.15 percent from 2.75 percent, and the national figure decreased to 2.66 percent from 3.49 percent, CoreLogic reports.