US home foreclosures on track for 6-year low - New York News

US home foreclosures on track for 6-year low

Posted: Updated:

LOS ANGELES (AP) -- New data show that the U.S. is on track to end the year with the fewest homes repossessed by lenders in six years.

Foreclosure listing firm RealtyTrac says lenders repossessed just under 37,000 U.S. homes last month.

That's down 31 percent from the same time last year, and up 4 percent from the month before.

At the monthly average so far this year, completed foreclosures are projected to total nearly 490,000 this year.

That would be 27 percent below 2012's total and the fewest foreclosures since 2007.

Foreclosures peaked in 2010 at 1.05 million.

Rising home prices and a gradually improving job market have helped limit the pace of homes first entering the foreclosure process.

Foreclosure starts posted an annual decline of 38 percent in July.

  • Your MoneyMore>>

  • iPad sales decline

    No, the tablet is not dead

    No, the tablet is not dead

    Thursday, July 24 2014 6:53 PM EDT2014-07-24 22:53:48 GMT
    Apple Inc. photoApple Inc. photo

    Four years ago, tablet owners starting raving about the market's newest piece of mobile technology. Last quarter, Apple iPad sales fell by 9 percent. Still, forecasting the death of the tablet seems premature and incorrect. More likely, all our devices are cross-breeding and evolving until all our calling, emailing, texting, messaging, Internetting, TV watching, all our communication happens on one mobile gadget.


    Four years ago, tablet owners starting raving about the market's newest piece of mobile technology. Last quarter, Apple iPad sales fell by 9 percent. Still, forecasting the death of the tablet seems premature and incorrect. More likely, all our devices are cross-breeding and evolving until all our calling, emailing, texting, messaging, Internetting, TV watching, all our communication happens on one mobile gadget.
  • Dunkin' Donuts cashiers will try to 'upsell' you in the afternoon

    Dunkin' Donuts cashiers will try to 'upsell' you in the afternoon

    Thursday, July 24 2014 2:30 PM EDT2014-07-24 18:30:38 GMT
    Dunkin' Donuts handout photoDunkin' Donuts handout photo
    If an iced coffee from Dunkin' Donuts is part of your afternoon routine, expect a nudge to buy a cookie or doughnut you didn't plan on. Dunkin' Brands CEO Nigel Travis said in a phone interview Thursday that the company is pushing to get its cashiers to "upsell" to afternoon customers. It's part of an effort to increase sales after stores have emptied out after the morning rush.
    If an iced coffee from Dunkin' Donuts is part of your afternoon routine, expect a nudge to buy a cookie or doughnut you didn't plan on. Dunkin' Brands CEO Nigel Travis said in a phone interview Thursday that the company is pushing to get its cashiers to "upsell" to afternoon customers. It's part of an effort to increase sales after stores have emptied out after the morning rush.
  • Cooler inventor raises $7 million in two weeks

    Cooler inventor raises $7 million in two weeks

    Thursday, July 24 2014 11:24 AM EDT2014-07-24 15:24:47 GMT

    What is being described as the coolest cooler of the 21st century is getting a lot of backers via Kickstarter.  Ryan Grepper, an inventor from Portland, Oregon, says he was tired of regular coolers.

    What is being described as the coolest cooler of the 21st century is getting a lot of backers via Kickstarter.  Ryan Grepper, an inventor from Portland, Oregon, says he was tired of regular coolers.

Powered by WorldNow
Didn't find what you were looking for?
All content © Copyright 2000 - 2014 Fox Television Stations, Inc. and Worldnow. All Rights Reserved.
Privacy Policy | Terms of Service | Ad Choices