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Foreclosure in America have been applying negative pressure to median home prices and Americans are doing all that they can to stop the foreclosure numbers from rising. Foreclosures are pushing all home prices in a negative direction. Many viewed the decline in the number of foreclosures during the last quarter of 2010 as a positive sign. The drop implied that the crisis was finally under control. This viewpoint is subjective as the number of foreclosures fluctuates from state to state. RealtyTrac has estimated that approximately 250,000 foreclosures across America have been delayed due to the mortgage servicers taking additional time to dot every "i" and to cross every "t" to verify that the foreclosure process takes that appropriate legal steps to follow procedures correctly. This could mean that a surge in the foreclosure numbers is forthcoming. However, the number of foreclosures filed in the last three months in the United States fell 27 percent compared to the first quarter of 2010, according to Realty Trac. The data appears to imply that Americans are beginning to win the battles to stop foreclosure. This was an improvement overall but the positive stride is overshadowed by the negative data stemming from the trends seen in the new and existing home sales sector and the ever lowering median home sales prices. Foreclosure rates recently fell to a three year low, but the housing market overall continues to struggle. Author: Stephen Johnson
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