Experts: JC real estate market stable

By Gerry Tritz

Monday, June 25, 2012

The bad news: After 20 months of decline, the national home foreclosure rate jumped 9 percent in May over April, and Jefferson City’s rate is still elevated from the lingering recession.

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The good news: Jefferson City’s rate remains far below the national average.

Market researcher RealtyTrac said the U.S. foreclosure rate in May was 1 home in 639 nationally, 1 in 1,081 in Missouri and 1 in 6,465 in Cole County.

RealtyTrac publicist Michelle Schneider said Missouri’s rate ranks 22nd among states and Cole County is No. 60 among Missouri’s 114 counties.

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Comments

clingingredneck 11 months, 4 weeks ago

Yeah, maybe within the city limits. Try going out into the county some time. They have been hit much harder. Is this the hope and change you wanted?

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