Foreclosure News Report, a publication of RealtyTrac, has issued its January 2012 report on actions taken against distressed properties. Overall, 2011 saw a decline in foreclosure filings; despite this, experts interviewed report that the market failed to find its bottom.
"Home sales and housing construction have likely hit bottom, but house prices will likely decline a bitm o re in 2012. All in all, housing and the economy were a bitweaker this year than I had hoped for," says Mark Zandi, chief economist for Moody's Analytics.
The full report is available here. (PDF)