Data From RealtyTrac Indicates Housing Market Is Improving
DAVID GREENE, HOST:
NPR's business news starts with fewer foreclosures.
(SOUNDBITE OF MUSIC)
GREENE: The foreclosure listing firm RealtyTrac says its latest data shows the nation's housing market is improving. The foreclosure process was started on just a little more than 57,000 homes in June, and that's the lowest level for any month in seven years. Completed foreclosures also posted a steep monthly and annual decline. But states including Florida, Nevada and Ohio are still being dragged down by home repossessions.
NPR transcripts are created on a rush deadline by a contractor for NPR, and accuracy and availability may vary. This text may not be in its final form and may be updated or revised in the future. Please be aware that the authoritative record of NPR's programming is the audio.