The number of California homeowners pushed into foreclosure last quarter fell to the lowest level in six years, according to San Diego-based market tracker DataQuick.
Officials pointed to rising home values, an improving economy and a shift toward short sales.
In the fourth quarter of 2012, lenders recorded 38,212 notices of default on California houses and condos, down 22 percent from 49,026 in the third quarter and a steep 38 percent from 61,517 in the fourth quarter of 2011.
California foreclosures fall to six-year low
Most Popular Articles
Latest Articles
Real estate farming: Become the go-to agent in your area using these tips, tools & strategies
Learn how to generate a steady pipeline of real estate leads and clients in your area using this proven approach.
-
Zillow believes the evolution of the industry will only help it grow
-
All parties have settled the Sitzer/Burnett suit, so what’s next?
-
Longtime reverse mortgage leader Scott Norman appointed CEO of Texas MBA
-
Rates at 7% attract different types of borrowers, forcing lenders to rethink profit strategies
-
The unchanging