Foreclosures fall to lowest levels since 2007

The latest figures show the housing market is on the upswing.

The number of houses lost to foreclosure is close to the levels seen before the housing meltdown.

The number of foreclosure filings last quarter fell 23percent from a year ago. It’s the lowest level since 2007.

Last month, banks repossessed about 44,000 homes.

At the height of the housing meltdown in 2010, repossessions topped 100,000 a month.

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