Foreclosures filings fall to pre-housing bust levels

The number of foreclosures in the United States dropped to 127,790 in June, down 35% over the past 12 months, according to a CNNMoney article. Foreclosure filings, including notices of default, scheduled auctions, and bank repossessions, hit their lowest monthly level since December 2006, a clear indication that the long national foreclosure problem is coming to an end. The 14% drop from May to June was so significant that Daren Blomquist, a vice president at RealtyTrac, thinks that the housing market as a whole could be back to pre-mortgage meltdown levels by the end of 2013. To read more about the state of the national real estate market, view the CNNMoney article here.