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Prospect Financial Group, Inc.

Foreclosure Activity Declines to Lowest Point in 3 Years

Wednesday, December 18, 2013 - Article by: Prospect Financial Group, Inc. - Prospect Home Finance - Message

During the course of 2013 foreclosure activity has continued to decline. According to the Foreclosure Market Report from RealtyTrac, November foreclosure filings totaled 113,454. This new total was a 15 percent improvement from the number of foreclosure filings made a month earlier in October. The number of foreclosures filled in November 2012 was 37 percent greater than November 2013.

Since foreclosure activity dropped by 15 percent from October to November, we have experienced that largest decline in activity in three years. The last time foreclosure activity was this low it was in November 2010. In November 2010 foreclosure activity dropped by 21 percent from October 2010.

With the declines in foreclosure activity we have seen this year, the foreclosure crisis is getting closer to coming to an end. Give Prospect Financial Group, Inc. a call to discuss the current market conditions at 858-605-0952.

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