In September, foreclosure filings were reported on 180,427 properties, down 7.0 percent from August and 16 percent below last year’s level. September’s total was the lowest since July 2007 and helped lower third-quarter foreclosure numbers 5.0 percent from the second quarter and 13 percent from the third quarter of 2011. The numbers, from RealtyTrac’s U.S. Foreclosure Market Report, show it was the ninth straight quarter with an annual decrease in foreclosure activity. Daren Blomquist, RealtyTrac’s vice president, said analysts have been waiting for the other foreclosure shoe to drop but instead it’s being carefully lowered to the floor, making little noise in the housing market at a national level. More here.

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