Foreclosure filings drop two percent

In its recent issue of Foreclosure News Report, RealtyTrac reports a decrease of two percent in the number of foreclosure filings from the previous month for August 2013. Default notices, scheduled auctions and bank repossessions were reported on 128,560 U.S. properties during the month, which equals one in every 1,019 U.S. housing unit with a foreclosure filing during August.

This number marks a 34 percent decrease from August 2012, marking the 35th consecutive month were foreclosure activity has decreased on an annual basis. Foreclosure starts decreased from a year ago in 38 states, but 17 states saw increases in foreclosure starts from the previous month’s numbers.

The newsletter also covers highlights from the roundtable discussion in August, hosted by RealtyTrac. The six real estate brokers from across the country, who took place in the roundtable, share their perspective on the state of the housing market.

More of the U.S. Foreclosure Market Report or the Foreclosure New Report newsletter can be found here