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In the latest sign that the nation is shaking off its housing bust hangover, downtown los angeles restaurants lenders initiated the foreclosure process downtown los angeles restaurants on 57,286 homes last month, the lowest level for any month in 7½ years, RealtyTrac Inc. said Thursday.
The trend comes as the U.S. housing recovery continues to gain strength, propelled by steady job gains, low interest rates, improving consumer confidence and growing demand for homes at a time when there s a thin supply of available homes for sale in many markets.
downtown los angeles restaurants Halfway through 2013, it is becoming increasingly evident that while foreclosures are no longer a national problem, they continue to be a state and local market problem, downtown los angeles restaurants said Daren Blomquist, a vice president at RealtyTrac.
Scheduled home auctions doubled last month in New Jersey and Florida, which also posted the highest foreclosure downtown los angeles restaurants rate of any state — nearly three times the national average — in the first six months of the year, the firm said.
Most homes lined up for public auction typically end up going back to lenders, which opens the door for the properties to be placed downtown los angeles restaurants on the market as sharply discounted foreclosed homes later this year or in 2013.
Nationally, the inventory of previously occupied homes on the market was 10 percent below prior-year levels in May, according to the National Association of Realtors. So the potential for more foreclosures going on sale will likely be welcome news to would-be homebuyers in markets where there is a tight supply of available homes.