Foreclosure filings drop to five-year low in September
WASHINGTON -- Foreclosure filings fell in September to their lowest level in more than five years as a housing market rebound showed another sign of taking hold.
Substantial decreases in California and some other states hard-hit by the collapse of the housing bubble helped reduce filings to 180,427 last month, down 7% from August and 16% from a year earlier, according to foreclosure listing firm RealtyTrac.
The last time filings were that low was in July 2007.
Another sign the housing market has finally hit bottom and is starting to mend, along with the economy.
To paraphrase another thread and the conservative "experts" here: Thanks Obama!