Foreclosure activity in Fresno County is down more than 50% since last year, according to a monthly foreclosure report.
In August, 93 notices of default, the first step in the foreclosure process, were filed in Fresno compared to 146 the month before, according to PropertyRadar, a real estate data company. Last year, 226 notices of default were filed.
The notices of sale, which set a date and time of auction, increased slightly to 209 last month from 185 in July, but are is down 55% from 467 a year ago.
Foreclosures bottomed in California sometime in May and June and are trending sideways, said Madeline Schnapp, PropertyRadar’s director of economic research.
“The sideways trend reflects the ongoing recovery in the California real estate market,” she said.