Foreclosures Declining in the U.S.

For the battered United States housing market, Wednesday brought some good news. Compared to April, houses that were close to being foreclosed were down by more than 5%. This report was courtesy of RealtyTrac Inc.
In total, approximately 320,000 houses received a notice of foreclosure in May. Year over year, that number is about 18% higher than May of 2008. While that may seem like a large increase, it was actually the smallest year over year jump in three years.
Overall, about one in every 400 homes in the United States received a notice of foreclosure. In the state of Nevada, one …read more