It looks like completed foreclosures may be starting to slow down.
There were 830,000 completed foreclosures in 2011 compared to 1.1 million in 2010. That’s a positive sign that home values may soon be less impacted by the abundance of foreclosures in the area. December 2011 also saw a reduction of completed foreclosures compared to November 2011 down to 55,000 from 57,000. The two thousand reductions may not seem monumental, but any reduction in foreclosures is good news to the housing market.
Read full article at Homes.com.
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