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Economy

Foreclosure Rates Plummet In Kansas And Missouri

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New numbers on foreclosures in Missouri and Kansas show promising signs of economic stability for both states.

Real estate information company RealtyTrac reports that foreclosure rates in Kansas dropped 31 percent from July to September. In Missouri, the numbers dropped even lower for the same period — a 45.5 percent decrease.

RealtyTrac spokeswoman Ginny Walker said that in terms of foreclosures, both states are back to pre-housing crisis numbers. She attributes the progress to consistently low unemployment rates in both states.

“What’s happening in Kansas and Missouri is that unemployment is actually slowing there, and it’s leading to a stronger economy," Walker said. "This is a really good step, and shows that both states are in a good place."

Foreclosure rates are down nationally, though some hotspots exist in states such as Florida, Maryland, and Illinois.

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