Friday, October 19, 2007

Housing foreclosures fall some

If this is the beginning of a trend, then it's good news going forward. Yet, it could also be only a statistical quirk that doesn't mean all that much. Regardless of what the stats really stand for, here they are. The September foreclosure filings nationwide dropped 8% from a scary 32-month high in August. The filings, however, are almost double from last year, so there still is a way to go to a healthy environment. These stats were provided by RealtyTrac, an online real estate marketplace.

The significant development in these numbers is that 39 states show declines. For those who follow the broader real estate market, this certainly puts a cautious smile on their face. Please click on the link in this paragraph to read the entire article.

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