A new report by RealtyTrac shows banks seized 56,124 homes in November, down 17% from the...

|By:, SA News Editor

A new report by RealtyTrac shows banks seized 56,124 homes in November, down 17% from the previous month and the lowest since March 2008, and default notices fell 7.7% M/M to 71,730. But the declines are in-line with seasonal expectations, and the market still needs to contend with shadow inventory, regulatory uncertainty and consumer wariness.