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N.H. foreclosures down 10.5 percent in October from a year earlier

Foreclosures in New Hampshire are still on track to end the year at their lowest level since 2007, according to the New Hampshire Housing Finance Authority.

There were 239 foreclosure deeds recorded in the state during October, the authority announced yesterday. That’s up 17.7 percent from September but down 10.5 percent from October 2012.

The 2,347 foreclosures in the first 10 months of 2013 represent a decline of 24.5 percent from the same period in 2012, and their slowest pace since 2007.

“At the current pace, 2013 will end the year with fewer foreclosures than any of the prior five years,” the authority said in a news release. “We estimate this number to be fewer than 2,800 foreclosure deeds, a decline of approximately 24 percent from year end 2012.”

The rosier foreclosure picture comes as the state’s housing market continues to improve. Single-family home sales were up 12.1 percent in the first 10 months of 2013 compared with the same period a year earlier, and median sale price rose 9.1 percent over the same period, according to the New Hampshire Association of Realtors.

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