Friday, January 18, 2013

Falling?

"The worst of the foreclosure crisis may finally be behind us. Nationally, foreclosure activity fell 3% in 2012 from the year prior, with 1.8 million homes receiving one or more foreclosure-related filings, according to a new RealtyTrac report. More notable, 2012 activity was 36% lower than 2010, when filings peaked at 2.9 million properties.

At first glance, it sounds like more proof that the housing rebound is here. But before you make the mistake of calling the foreclosure crisis quits, take a moment to look more locally. Despite a lower national average, foreclosure activity is actually still on the rise in half of the country."

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