ForeclosureS.com released a report saying the real estate market is normalizing while foreclosure filings nationwide dropping from 109,851 in January to 106,074 in February. The market also is doing considerably better since the number of foreclosure filings nationwide were significanty higher three months ago in December when they reached 113,486.
“The foreclosure numbers finally are beginning to reflect the stabilization in housing markets that we've been talking about for the last few months,” said Alexis McGee, president of ForeclosureS.com. “Of course time will tell for sure whether we've seen the bottom or not. However, other economic indicators reflect a leveling off between housing supply and demand, and reinforce the opinion that the worst really is behind us,” she adds.
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