The U.S. housing market is improving, and foreclosures have dropped to the lowest level in 5 and a half years

> The U.S. housing market has improved, and foreclosures have dropped to the lowest level in 5 and a half years. The number of foreclosures in the United States in January dropped to the lowest level since April 2007. Last month's defaults and foreclosure schedules...

>The number of foreclosures in the United States dropped to the lowest level since April 2007 in January. There were 150,864 foreclosure notices including defaults, foreclosure schedules and bank repossessions last month, a 7% decrease from December and a 28% decrease from the same period last year.