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Foreclosure Filings Down 9% in Year as Wages and Employment Soars

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Real Estate Agent with Sell Your House in 7 Days - Gold Star Agent License CA BRE 00919811


RVINE, Calif. – March 19, 2015 — RealtyTrac® (www.realtytrac.com), the nation’s leading source for comprehensive housing data, today released its U.S. Foreclosure Market Report™ for February 2015, which shows foreclosure filings — default notices, scheduled auctions and bank repossessions — were reported on 101,938 U.S. properties in February, a decrease of 4 percent from revised January numbers and down 9 percent from a year ago to the lowest level since July 2006. The report also shows a U.S. foreclosure rate of one in every 1,295 housing units with a foreclosure filing in February.

“Given that August 2006 was the peak of the housing bubble, this eight-and-a-half year low in foreclosure activity is a significant milestone and a sign that nationwide foreclosure activity is on track to return to historic norms this year READ MORE http://www.realtytrac.com/news/foreclosure-trends/february-2014-foreclosure-market-report/

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