The nation’s foreclosure filings dropped to 442,117 filings in 2013, 23% lower than this time last year. According to RealtyTrac, a real estate data firm, foreclosure filings fell to the lowest level since 2007. The trend is expected to increase each month as the economy improves, though not every state is experiencing a drop in foreclosures. Foreclosure filings from February 2013 to March 2013 fell 1% while foreclosure starts also decreased 2% from February to March. Last month lenders repossessed 43,597 properties, the lowest retrieval rate since late 2007. More here
