Foreclosure Activity at Pre-Bubble Levels
Irvine, CA, Oct. 16, 2014 -- Foreclosure activity last month hit the lowest level since July 2006, according to tracking firm RealtyTrac.
The firm reported 106,866 foreclosure filings, an 8.6% decrease from August and a 18.6% drop from a year earlier.
September was the 48th consecutive month of year-over-year declines in overall foreclosure activity.
"September foreclosure activity was back to pre-housing bubble levels nationwide, in large part thanks to a continued slide in bank repossessions," said Daren Blomquist, vice president at RealtyTrac.