The U.S. housing market has improved, 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. Defaults and foreclosure schedules last month...

The number of foreclosed homes nationwide fell to its 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.