Foreclosures Leveling Off?

This chart shows foreclosure activity for the last two years.  The good news is that for the last six months the foreclosure rate appears to be stabilizing.  We need to see a consistent downward trend, however.  A decrease in foreclosure activity is essential for the housing market recovery, which itself is at the root of current economic crisis.

Take a look at this article from CNN Money for more discussion on this topic.