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March 14, 2013

Big drop in homes lost to foreclosure

  • More jobs and ultra-low mortgage rates are helping, and rising demand has pushed prices steadily upward since last year.
    • By ALEX VEIGA
    AP Real Estate Writer

    LOS ANGELES — While the nation's foreclosure woes persist, new data show they're easing amid a resurgent housing market, rising home prices and efforts by some states to buy homeowners more time to avoid losing their homes.

    The number of U.S. homes repossessed by lenders last month fell 11 percent from January and declined 29 percent from February last year, tumbling to the lowest level since September 2007, foreclosure listing firm RealtyTrac Inc. said Thursday.


     
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