This is a marketwatch.com article.
Across the nation, foreclosure activity continues to fall, and a “normal” level of distressed real estate is just around the corner. But different approaches to the crisis led to stark divides between local housing markets and among individuals that linger on.
A report from data provider RealtyTrac shows that foreclosure filings in the first half of 2016 were down 20% compared to the second half of 2015. That’s still elevated compared to pre-housing bust levels, though.
In the second quarter of 2016, foreclosure activity was lower than pre-recession levels in 15 states, including some that took the biggest hits in the housing crash: Arizona, California, Colorado, Nevada, and Michigan.
PiggyBankBlog Bailiff: “All rise! The honorable Congresswoman Marcy Kaptur has entered the Courtroom of Public Opinion!”