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N.H. foreclosures down 23.3 percent in February

New Hampshire saw 23.3 percent fewer foreclosures in February compared with the same month a year earlier, according to the New Hampshire Housing Finance Authority.

That’s the latest sign of improvement in the state’s real estate market. February also saw a 0.4 percent year-over-year increase in home sales and a 12.2 percent rise in median sale price, according to the New Hampshire Association of Realtors.

“Assuming continued overall economic improvements, a commensurate gradual decline in new foreclosures is expected for calendar year 2013,” the Bedford-based housing authority said yesterday in a news release.

There were 240 foreclosure deeds recorded in February, the group said, compared with 313 in February 2012. A total of 532 foreclosure deeds were recorded in the first two months of 2013, 11.5 percent less than the 601 recorded over the same period a year earlier.

Foreclosures in 2012 were at their lowest level since 2009, according to the group.


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