Foreclosure Rates At A Six Year Low

Repossessions in the United States jumped to a nine-month high last month, even with foreclosures at their lowest in six years. Foreclosure starts dropped to 77,494 in November, a 13% fall from October’s foreclosure starts and a 28% decrease from November 2011. This is the smallest number of foreclosure starts since December 2006, according to RealtyTrac Inc, a foreclosing listing firm. With the housing market improving and the recent increase in home prices, more homeowners are projected to avoid foreclosure in the future. More here

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