New data from foreclosure listing firm RealtyTrac Inc shows the number of U.S. homes entering the path to foreclosure or winding up repossessed by lenders has fallen to levels not seen in more than six years, another sign that that the housing market is well on the path to recovery.
Lenders initiating foreclosure starts is the lowest since December 2005 while completed foreclosures sank to the lowest level since 2007. At their monthly pace, completed foreclosures are on track to be down 30 percent from last year.
December 12, 2013 | by Tera
Read the full report summary by NPR.
Tiffany Jacobs- Realtor
Century 21 Leading Edge Realty
9200 Church Street #202
Manassas, VA 20110