American Foreclosures

NEW YORK (CNNMoney.com) -- Foreclosure filings fell by 8% in November, making it the fourth consecutive month of improvement in the housing market.
There were 306,627 filings last month, according to RealtyTrac, an online marketer of foreclosed properties. That decline follows a 3% drop in October, 4% in September and 1% in August.

At least there is something to look forword to in this country. It hints that we might just be getting out of the economic recession. We need the unemployment rate to come up as well now. But now that the foreclosures are going down people won't be able to find cheap houses. So the mortgage rates might go up too.