U.S. January foreclosures fall

U.S. home foreclosure filings in January decreased from December, an indication that an array of efforts to curb the process may be making an impact, real estate data firm RealtyTrac said on Thursday. Foreclosure activity was still 18 percent higher than a year earlier, the 37th consecutive month with a year-over-year increase. Nevertheless, the fall in foreclosure filings last month provides a glimmer of hope for the hard-hit U.S. housing market. Home foreclosure filings in January totaled 274,399, down 10 percent from December, RealtyTrac, an online market of foreclosure properties, said in its U.S. Foreclosure Market Report. The figure is a total of default notices, auction sale notices and bank repossessions. Florida ranked fourth highest in the nation following Nevada, California and Arizona with one foreclosure filing for every 214 households in January, with 40,770 filings, down nearly 20 percent from December and 35 percent higher than a year earlier.

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