U.S. Foreclosures at 10 Year Low, Some States Still Slow to Recover
Foreclosures in the U.S. dropped to the lowest the country has seen in 10 years, Reuters reported Thursday. States such as California, Florida and Arizona saw foreclosures drop to levels at or below 2006, before the economic crisis.
For some states, the foreclosure crisis is dying a slow death, reports St. Louis Post-Dispatch. The paper reports on the top 10 states where foreclosures are still high. Florida ranks the worst on the list, with one in every 95 properties in some stage of the foreclosure process.
RealtyTrac, which tracks U.S. housing market trends, released its annual report on 2014 housing this week.