For the third quarter of 2012, foreclosure activity dropped almost 20 percent in comparison to the same time period in 2011. The decrease in foreclosure happenings is a positive outlook for the local real estate industry as well as the local economy. Realty Trac compiled the data used for comparison by examining home sales, prices, and new home construction activity.

The study looked at the majority of metro markets throughout the country, not just here in the Kansas City area. The Kansas City movers have learned that foreclosure activity has dropped in 131 communities from 2011 figures. Twelve of the twenty largest metros in the country have posted a decrease in foreclosure filings and activity.

Kansas City is in the middle of the pack in terms of amount of properties filed, and is slightly faring better than nearby St. Louis, Minneapolis, and Des Moines.