Finger Lakes Public Radio
Play Live Radio
Next Up:
0:00
0:00
0:00 0:00
Available On Air Stations
OFF AIR NOTICE: June 27 & 28: Due to necessary tower maintenance, WEOS will be off the air this Saturday from 11AM to 4PM and Sunday from 8AM to 4PM approximately. You can listen online at WEOS.ORG. We apologize for the inconvenience.

U.S. Foreclosure Rate Dips To 6-Year Low

DAVID GREENE, HOST:

NPR's business news starts with good news on the foreclosure front.

(SOUNDBITE OF MUSIC)

GREENE: All right. Home foreclosure filings in the United States have now fallen to their lowest levels in more than six years. They are down more than 20 percent from last year, according to the company RealtyTrac. Inexpensive mortgages and a rising demand for homes seem to be at play here.

Those trends are helping people sell or refinance their homes before being foreclosed on. Transcript provided by NPR, Copyright NPR.