The nation’s foreclosure rate fell last month to its lowest level since February according to new data. A total of 306,627 Americans received a foreclosure notice in November which is an 8 percent decrease from October.
That means that 416 out of every 417 housing units is not in foreclosure. Our housing market has stabilized in the past 12 months. One of the reasons for these great home prices is the flood of artificially low fire-sales prices on foreclosed homes. With foreclosures leveling out this will help home pricing gain some traction.
# posted by
Anna-Lise Troup @ 10:55 AM