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RealtyTrac: Banks Repossessed Fewer Homes in 2012

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  • Description

    FBN’s Adam Shapiro with an afternoon market update after the closing bell.

  • Duration 0:58
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I'm Adam Shapiro -- business -- it was a bullish day on Wall Street following upbeat reports on the US housing and labor markets at the closing bell the Dow was up 84 points.

Ending the day at thirteen 100596.

According to realty track banks repossessed nearly 17% fewer homes in 2012 that they had the year before.

But generally judicial states places like Florida New York where the courts play a role in foreclosure take longer to work through their cases.

Florida had the nation's highest foreclosure rate last year.

College tuition seems always go up but one thing tied to higher education is going down ratings agency Moody's.

Says the high cost callers plus growing public doubts about the value of a bachelor's degree and potential cuts in government spending.

This caused it to revise down its outlook on the entire higher education sector to negative.

That's the latest from the Fox Business Network giving you the house across.

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