Home Foreclosures Fell In April

Home repossessions fell nationwide by 20% from March to April of this year, and were down 32% from the 2012 according to foreclosure listing firm RealtyTrac Inc. They also predict that once these homes hit the market, it will actually be beneficial because the rebound in the housing market has caused the supply of homes available for sale to be lagging behind consumer demand. The steady job growth, rising home prices, and ultra-low mortgage rates have been helping push people back into the housing market. Home prices have risen for 13 consecutive months in the U.S. Visit WRAL.com for the full story.