Foreclosures Are Down For Third Straight Month

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Nationwide, a new RealtyTrack report finds foreclosure rates in April were down 14 percent over last year. The rate is at its lowest level in nearly in five years.

DAVID GREENE, HOST:

NPR's business news starts with some good news for the housing market.

(SOUNDBITE OF MUSIC)

GREENE: Home foreclosures in the United States are down for the third straight month, according to the foreclosure listing from RealtyTrack. Nationwide, a new RealtyTrack report finds foreclosure rates in April were down 14 percent over last year, hitting the lowest monthly level in nearly in five years.

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