Foreclosure filings fell in September to their lowest level in more than five years as a housing market rebound showed another sign of taking hold.
Substantial decreases in some states hard-hit by the collapse of the housing bubble helped reduce filings to 180,427 last month, down 7 percent from August and 16 percent from a year earlier, according to foreclosure listing firm RealtyTrac.
The last time filings were that low was in July 2007.
Filings for the three-month period ending in September also were the lowest since the fourth quarter of 2007. RealtyTrac said there were 531,576 filings in the period, down 5 percent from the second quarter and 13 percent year-over-year, the ninth-straight quarter with an annual decrease.
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