In September 2014, over 160,000 properties in the United States had new foreclosure listings. That's down 9% compared to the previous month, and down 19% compared to a year ago.
According to recent data released by RealtyTrac, a real-estate website, this marks the lowest level since July 2006.
"This rise in scheduled auctions foreshadows a corresponding rise in bank repossessions and auction sales to third-party buyers in the coming months," said Daren Blomquist, vice president at RealtyTrac.
September also marked the 48th consecutitive month of year-to-year decreases.
