Foreclosure activity in the third quarter decreased from a year ago in 131 out of the nation’s 212 cities (62 percent) with a population of 200,000 or more, reported RealtyTrac.
In another sign that the housing crisis has at least turned the corner, third-quarter foreclosure activity decreased from the previous quarter in 134 of the metro areas tracked by RealtyTrac, or 63 percent.
In the nation’s 20 largest cities, foreclosure activity was down year-over-year in 12 metro areas, led by San Francisco (36 percent), Detroit (31 percent), Los Angeles (29 percent), Phoenix (27 percent) and San Diego (26 percent).
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