Foreclosure Starts Decreasing

According to Lender Processing Services, foreclosure starts in October dropped to 21.9%. In 2011, October starts dropped even lower to 47.8%. The Lender Processing Services gives warning not to assume the drop in foreclosure starts will result in an improving housing market. LPS also implies the recent foreclosure drop could be temporary, although prices have jumped 3.6% in September and are expected to continue to increase throughout the year. more here.

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