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Is the foreclosure crisis easing?

By Mark Hamrick · Bankrate.com
Wednesday, May 15, 2013
Posted: 4 pm ET

As the housing market heals, home foreclosures are slowly declining.

The latest figures from RealtyTrac, a real estate information provider, indicate that total foreclosure activity in April dropped to the lowest in more than six years. Does that mean it is no longer a crisis?

In this seven-and-a-half-minute conversation, I talk with Daren Blomquist of RealtyTrac about:

  • Being "halfway back to normal" in the pace of foreclosures.
  • The impact of foreclosures on house prices.
  • Whether the best time to buy has already passed.
  • Which states are lagging on the path to recovery.

 

Bankrate Audio

Mark

Hamrick

Washington Bureau Chief, Bankrate.com

Daren

Blomquist

Vice president, RealtyTrac

Is the foreclosure crisis easing?

Mark Hamrick speaks with Daren Blomquist about the persistent foreclosure problem and where it stands.

LISTEN TO AUDIO

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