Sacramento-area foreclosures fell far below long-term averages in the first few months of this year, continuing to decrease as the housing and job markets recovered, DataQuick reported Tuesday.
In Sacramento County, 591 trustee deeds which mark the formal end of the foreclosure process were filed in the first quarter of 2014, the San Diego-based real estate information service said. That was 36 percent less than in the first three months of 2013 and well under the historic average of 872 trustee deeds filed per quarter since 1988, said DataQuick analyst Andrew LePage.
Foreclosures in the first quarter of this year were up slightly compared with the final few months of last year, but the fourth quarter of 2013 was the lowest for foreclosures since the height of the housing boom in 2005, LePage said.
A similar trend played out in Placer, El Dorado and Yolo Counties, he said.
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