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RealtyTrac: Q1 Foreclosure Activity Down 16%

RealtyTrac, an online marketplace for foreclosure properties, said Thursday that foreclosure filings were reported on 572,928 properties during the first quarter, down 2 percent from the previous quarter and down 16 percent from the first quarter of 2011.

Releasing its U.S. Foreclosure Market Report, RealtyTrac said that first quarter total was the lowest quarterly total since the fourth quarter of 2007, when 527,740 properties with foreclosure filings were reported. The report shows one in every 230 U.S. housing units with a foreclosure filing during the quarter.

by RTTNews Staff Writer

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