Daily Headlines
Housing Update: Foreclosures Drop to Pre-Recession Levels, Analysts Remain Cautious
RealtyTrac is reporting today that foreclosure filings have dropped in some of the hardest hits states and, nationwide, foreclosure activity is at its lowest level since 2007. Filings, which include notices of default, scheduled auctions and bank repossessions totaled 531,576 in the third quarter of 2012, which represents a 5 percent decrease from the second quarter and an overall decrease of 13 percent compared to the same period in 2011.
Daren Blomquist, VP of RealtyTrac says of the...
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