This Day On The Street
Continue to site
ADVERTISEMENT
This account is pending registration confirmation. Please click on the link within the confirmation email previously sent you to complete registration.
Need a new registration confirmation email? Click here

Foreclosure Activity at 6-Year Low: RealtyTrac

Scheduled non-judicial foreclosure auctions (NTS) in April were down 7% from March and down 43% from April 2012 to the lowest level since December 2005 -- an 88-month low.

Lenders repossessed 34,997 U.S. properties in April, down 20% from March and down 32% from April 2012 to the lowest level since July 2007 -- a 69-month low.

While the spike in foreclosure activity in some states suggest that we are still dealing with the pain of the housing crisis, foreclosures are no longer considered a threat to the housing market.

In fact, given the shortage of housing inventory in some states, foreclosures might provide some supply to meet the growing demand for homes.


-- Written by Shanthi Bharatwaj in New York.

>Contact by Email.

Disclosure: TheStreet's editorial policy prohibits staff editors and reporters from holding positions in any individual stocks.
2 of 2

Check Out Our Best Services for Investors

Action Alerts PLUS

Portfolio Manager Jim Cramer and Director of Research Jack Mohr reveal their investment tactics while giving advanced notice before every trade.

Product Features:
  • $2.5+ million portfolio
  • Large-cap and dividend focus
  • Intraday trade alerts from Cramer
Quant Ratings

Access the tool that DOMINATES the Russell 2000 and the S&P 500.

Product Features:
  • Buy, hold, or sell recommendations for over 4,300 stocks
  • Unlimited research reports on your favorite stocks
  • A custom stock screener
Stocks Under $10

David Peltier uncovers low dollar stocks with serious upside potential that are flying under Wall Street's radar.

Product Features:
  • Model portfolio
  • Stocks trading below $10
  • Intraday trade alerts
14-Days Free
Only $9.95
14-Days Free
Submit an article to us!
SYM TRADE IT LAST %CHG
XHB $35.26 0.04%
XLF $24.56 0.90%
IYR $75.91 0.01%
AAPL $128.70 -0.19%
FB $78.81 -0.23%

Markets

DOW 18,070.40 +46.34 0.26%
S&P 500 2,114.49 +6.20 0.29%
NASDAQ 5,016.9290 +11.5380 0.23%

Partners Compare Online Brokers

Free Reports

Top Rated Stocks Top Rated Funds Top Rated ETFs