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US Foreclosure Starts Hit Lowest Level Since 2005

Foreclosure filings in the U.S. fell 2 percent in August from July, a 34 percent drop from August 2012, according to data released today by RealtyTrac. Foreclosure filings — default notices, scheduled auctions and bank repossessions — dropped for the 35th consecutive month on an annual basis. The decrease in overall foreclosure activity was driven largely by falling foreclosure starts in August, which were down 44 percent from a year ago to the lowest level since December 2005.

via US Foreclosure Starts Hit Lowest Level Since 2005 – WORLD PROPERTY CHANNEL Global News Center.

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