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Foreclosures in the United States recovered in January but still remain comparatively high, figures released overnight show.
According to RealtyTrac – a US-based housing data provider – 274,399 foreclosure filings were reported across the country in January.
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This was a 10 per cent decline from December but still 18 per cent up on January 2008.
The company said this translated to one in every 466 housing units.
RealtyTrac CEO James J. Saccacio said the drop in foreclosures in January showed extensive measures from lenders and government agencies appeared to have offered some relief.
