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U.S. Foreclosure Rate Dips To 6-Year Low

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U.S. Foreclosure Rate Dips To 6-Year Low

Business

U.S. Foreclosure Rate Dips To 6-Year Low

U.S. Foreclosure Rate Dips To 6-Year Low

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  • <iframe src="https://www.npr.org/player/embed/182516881/182516874" width="100%" height="290" frameborder="0" scrolling="no" title="NPR embedded audio player">
  • Transcript

Home foreclosure filings in the U.S. have fallen to their lowest levels in more than six years. They're down more than 20 percent from last year, according to the company RealtyTrac. Inexpensive mortgages and a rising demand for homes seem to be at play here.

DAVID GREENE, HOST:

NPR's business news starts with good news on the foreclosure front.

(SOUNDBITE OF MUSIC)

GREENE: All right. Home foreclosure filings in the United States have now fallen to their lowest levels in more than six years. They are down more than 20 percent from last year, according to the company RealtyTrac. Inexpensive mortgages and a rising demand for homes seem to be at play here.

Those trends are helping people sell or refinance their homes before being foreclosed on.

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