Foreclosure Filings Reach Five-Year Low in Missouri

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Foreclosure filings fell in September to their lowest level in more than five years as a housing market rebound showed another sign of taking hold.The foreclosure notices in worked out nationally to one in every 730 homes. Missouri, at one in every 1,312 properties, and Kansas, at one in 1,543, were doing much better.Substantial decreases in some states hard hit by the collapse of the housing bubble helped reduce filings to 180,427 last month, down 7 percent from August and 16 percent from a year earlier, according to foreclosure listing firm RealtyTrac.

The last time filings were that low was in July 2007.

Filings for the three-month period ending in September also were the lowest since the fourth quarter of 2007.

Read more on Kansas City Star.


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