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Level of foreclosure sales stable [ClearOnMoney]
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Level of foreclosure sales stable

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Commentary

Level of foreclosure sales stable

11 Nov 2011 by Jim Fickett.

Yesterday RealtyTrac released foreclosure data for October, and last week LPS Applied Analytics released the Mortgage Monitor for September. Things have not much changed.

The level of foreclosure sales has been fairly steady for several months:

And the backlog of distressed properties continues to fall very slowly:

Barring major changes (and no, I don't think the White House is going to provide any major changes), the housing market will remain less than healthy for a long time yet.