Some good news and yet some not so good news when it comes to foreclosures in the United States.
Realty Trac, a source for comprehensive housing data, Dec. 11 released its U.S. Foreclosure Market Report for November 2014, which shows foreclosure filings — default notices, scheduled auctions and bank repossessions — were reported on 112,498 U.S. properties in November, a decrease of 9 percent from the previous month and down 1 percent from a year ago — the 50th consecutive month with a year-over-year decrease in overall foreclosure activity. The report also shows one in every 1,170 U.S. housing units with a foreclosure filing during the month.
A total of 55,906 U.S. properties started the foreclosure process in November, a decrease of 1 percent from the previous month but a 6 percent increase from a year ago, the first year-over-year increase following 27 consecutive months of year-over-year decreases. There were 50,102 U.S. properties scheduled for foreclosure auction during the month, down 16 percent from an 18-month high in the previous month but up 5 percent from a year ago.
All foreclosure news is subject to the readers interpretation and is definitely economy driven news!!!!