Report: Foreclosure crisis is winding down
Foreclosure activity in November was down 37% from a year ago and the easing foreclosure crisis lacks power to derail the housing rebound underway, RealtyTrac says.
The foreclosure crisis is nearing an end and won't derail the housing rebound underway in many parts of the country, real estate research firms say.
Foreclosure activity in November was down 37% from a year ago and 15% from October, RealtyTrac reports today.
November foreclosure starts fell to their lowest level since December 2005 — before the historic housing bust began. Starts offer an indication of future numbers of distressed homes on the market.
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