Foreclosure Filings Hit Six-and-a-Half-Year Low in June

Foreclosure activity was sluggish in June, dipping 14 percent from May and falling 35 percent from a year ago, according to RealtyTrac’s most recent foreclosure report.

With 127,790 properties receiving a foreclosure filing in June, RealtyTrac also revealed foreclosure activity is down to the lowest level since December 2006.

Meanwhile, the year-to-date total for foreclosure filings numbered 801,359, down 23 percent from the same period a year ago.

Foreclosure starts also experienced a dramatic fall, decreasing 45 percent year-over-year in June to the lowest level since December 2005.

At their current pace, foreclosure starts are on track to exceed 800,000 this year, but the total would still fall short of the 1.1 million starts in 2012, RealtyTrac noted.