Foreclosures during the first quarter of the year dipped to their lowest level since the fourth quarter of 2006, RealtyTrac said in a report released Thursday.
There were 289,116 properties with foreclosure filings during the first quarter, the company said.
However, foreclosure activity remained 25% above the pre-recession average, the company said in the report. Metropolitan areas with the highest foreclosure rates during the first quarter were Atlantic City, N.J., Trenton, N.J., Baltimore, Lakeland, Fla., and Rockford, Ill.
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