New foreclosures fell 16% in March from a year earlier, according to RealtyTrac, reaching the...

|By:, SA News Editor
New foreclosures fell 16% in March from a year earlier, according to RealtyTrac, reaching the the lowest quarterly total since 2007. RealtyTrac expects foreclosure activity to remain elevated, though "the faster we can move some of these old foreclosures through the pipeline, the faster the market can be in a place to recover."