Foreclosure filings continue downward trend

RealtyTrac just released its Foreclosure Market Report for January 2014. The report shows foreclosures rising 8% month over month nationally, but down 18% year-over-year in January. January marked the 40th consecutive month of year-over-year decline in the number of homes in foreclosure.

The Chicago metro area tracked the national pattern, with foreclosures rising 2.9% month over month and declining 34.88% year-over-year. One of every 451 homes in the Chicago area was in some stage of foreclosure, more than double the national rate of one in every 1,058.

You can access the full report at RealtyTrac.

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