Foreclosures on a downward spiral in several key states
USA Today broke down the latest RealtyTrac data a bit further and finalized a list of states that experienced the steepest drops in foreclosures. The publication reports that:
As evidence of how hard many of these states were hit — even with 50% or more improvement in foreclosure starts in the past year — many still had among the most foreclosures in August. Florida, which had a 60% year-over-year decline in foreclosure starts, was still second in the country in August, with more than 5,200 new properties
The states named in the report included Illinois, Arizona, Washington, Florida, California, North Carolina, Michigan, Tennessee and Virginia.