According to recent RealtyTrac reports, foreclosure filings in the state of Alabama have declined slightly for the month of July. Throughout the state, there were 1,765 properties that filed for foreclosure, which breaks down to one in every 1,231 homes. That’s down 1 percent from June 2012 and down an additional 1.5 percent from July 2011. In regards to the rest of the states in the country, Alabama ranks 24 among foreclosure filings.

For the Birmingham movers, the rate of foreclosures dropping is certainly a move in the right direction. For the country, foreclosures are down about 10 percent from a year ago. California leads the nation in foreclosure filings, followed by Arizona, Florida, Georgia and Illinois. We are anxious to see what the rest of 2012 holds in terms of real estate health and market movement.