Real Estate
In the latest in a flurry of good news for the housing market, foreclosure starts slid close to a decade low in July as banks cleared out old distressed properties while tightened lending standards have helped curb the number of new ones coming in the market. A total of 45,381 U.S. properties started the foreclosure process for the first time in July, down 8% from the previous month and 9% from a year ago, marking the lowest level since November