Red Foreclosure Home For Sale Real Estate Sign Over Ominous Cloudy Sky.
Andy Dean Photography Red Foreclosure Home For Sale Real Estate Sign Over Ominous Cloudy Sky.

Foreclosure rates on residences have dropped to pre-recession levels in 12 states and the overall foreclosure rate is at a low unmatched since the fourth quarter of 2006, RealtyTrac reported this week.

In the first quarter of 2016, the U.S. foreclosure rate declined 3.58%from the previous quarter and 7.77% from the first quarter of 2015. Though foreclosure filings increased a bit from February to March (up about 11%), March's foreclosure activity was still lower than it was last year (a 10.72% decrease).

Five of the 10 states with the highest foreclosure rates in March also saw annual decreases in activity, but the foreclosure landscape hasn't changed all that much. Nine of the 10 states with the highest foreclosure rates in March 2016 were also on that top 10 list in March 2015.

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