Last year, the foreclosure crisis
began dissipating. Foreclosure filings -- including default notices,
scheduled auctions, and bank repossessions -- were down 26 percent in
2013 compared to 2012, and were down 53 percent from the peak in 2010,
according to RealtyTrac’s Year-End 2013 Foreclosure Market report.
The 1.4 million properties with foreclosure filings in 2013 marked the lowest amount since 2007.
During the year, one in every 96 homes -- or about 1.04 percent of
U.S. housing units -- received a foreclosure filing. That’s down from a
peak of 2.23 percent of housing units in 2010.
Source: RealtyTrac