National Housing Crisis: Is it finally over?

With the hope of the national housing crisis finally coming to an end, this good news from RealtyTrac is worth sharing!!

Is it finally over?  With foreclosure filings throughout 2013 reported by RealtyTrac to be at the lowest annual level since 2007, one might begin to hope the housing crisis has ended.  However the company also reports that overall foreclosure activity increased last year in 10 states and scheduled foreclosure auctions in judicial process states were the highest in three years.

RealtyTrac released its Year-End 2013 U.S. Foreclosure Market Report this morning showing that an aggregate of 1,361,795 default notices, scheduled auctions, and bank repossessions or completed foreclosures were filed during the year, a decrease of 26 percent from the level in 2012 and 53 percent below the peak number of filings in 2010.  The last time filings were lower was in 2007 when 1.3 filings were recorded. 

…read full story on RealtyTrac’s Year-End 2013 U.S. Foreclosure Market Report

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