Data From RealtyTrac Indicates Housing Market Is Improving

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Foreclosure-listing firm RealtyTrac says the foreclosure process was started on just a little more than 57,000 homes in June — that's the lowest level for any month in seven years. Completed foreclosures also posted a steep monthly and annual decline.

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.

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