Thursday, May 17, 2012

Foreclosures at the Lowest Level Since 2007

More news that things in the United States are the best they've been in a long time.  

Foreclosure filings in April fell once again.  That's the third straight month of decline, and obviously, the trend is going way down, for it is the lowest level of foreclosures since July of 2007, or nearly five years ago.  

Bank repossessions, all the rage in 2007 and 2008, are down sharply.  There were just 51,415 last month, down 26% from a year ago.

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