LA foreclosure activity down more than 20 percent in one year

  • RealtyTrac reported foreclosure activity is below 2006 levels throughout the nation, but 18 states are still posting gains.
  • Los Angeles and Orange counties both posted foreclosure activity falls annually and monthly in May 2016.
  • The L.A. metro saw a total of 2,672 homes in foreclosure activity.

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A sure-fire sign of an improving real estate market is the fall of foreclosure activity, and luckily those trends are down throughout the nation for the eighth consecutive month, according to RealtyTrac’s newly released data.