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Foreclosures Drop to Eight-Year Low as Crisis Wanes

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BY BIZCATALYST 360°

Foreclosure filings in the U.S. plunged last month to the lowest level in almost eight years as investor purchases and an improving economy brought the end of the housing crisis within sight.

Default, auction and repossession notices in November were sent to 113,454 properties, a 15 percent drop from October and the biggest monthly decline in almost three years, Irvine, California-based RealtyTrac said today in a report.

via Foreclosures Drop to Eight-Year Low as Crisis Wanes: Mortgages – Bloomberg.

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