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Kansas City Foreclosure Rate Decreases, Still High for the Year

According to a February 11 report from RealtyTrac Inc., home foreclosure activity in the 15-county Kansas City area saw a decrease of 13.3 percent from December to January, but were still 66.9 percent higher than January 2009.

RealtyTrac, which is based out of Irvine, California, reported foreclosure actions, including default notices, scheduled auctions, and bank repossessions, against 1,596 in January. That was a decrease from 1,841 homes in December, but an increase from 957 a year ago.

The January total means that one out of every 544 households in the 15-county area received a foreclosure filing in January.

The most foreclosure activity took place in Jackson County, with reported filings against 962 homes, or one out of every 331. Wyandotte County was next, with 221 filings, or one out of every 307. Johnson County was third, with 195, or one out of every 1,113.

Missouri was the 32nd ranked state for residential foreclosure activity in January. Kansas was ranked No. 40.

Foreclosure actions were filed against 2,945 homes in January, a decrease of 6.9 percent from December, but an increase of 19.3 percent from January 2009. The most recent number represents one filing per every 905 homes.

In Kansas, foreclosures were filed against 708 homes, one out of every 1,733, which was a decrease of 33.1 percent from December, but an increase of 7.5 percent from a year ago.

Across the U.S., RealtyTrac reported January foreclosure filings against 315,716 homes, which is one out of every 409. That’s a decrease of nearly 10 percent from October, but an increase of 15 percent from January 2009.

Nevada remains the state with the highest foreclosure rate for the 37th month in a row. One out of every 95 Nevada housing units received a foreclosure filing in January, which is more than four times the national average.

The second-highest rate was in Arizona, with one out of every 129 homes, and Florida and California were next, each at one out of every 187 homes.

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