A glimmer of hope or the calm before the storm?

Whichever way you choose to view it, the good news is that the national foreclosure rate dropped by 13% in March, according to the RealtyTrac U.S. Foreclosure Report, which was issued earlier today. See the full report on the RealtyTrac website at http://www.realtytrac.com/news/press/pressRelease.asp?PressReleaseID=100.

Even with the drop, over 100,000 new properties entered some stage of foreclosure in March, and the foreclosure rate still represented a 63% increase over March 2005.

Will Spring sales keep foreclosure rates from creeping up? Or is this just a momentary reprieve? Let us know what you think.

rsharga