DataQuick, the real estate information service released information last Tuesday that showed that Sacramento County's foreclosures have dropped by nearly 30 percent in the first quarter of 2012 compared to 2011's first quarter which is their lowest level since 2007.
This is a good indicator that the states economy and the real estate market are headed in the right direction for a comeback.
According to the DataQuick's report, compared to 2011, Sacramento County had a 9 percent drop in "notices of default" which is the official start of the foreclosure process on a home.
Furthermore, as home prices began to hold their value and even increased in some areas, every county throughout the state showed a drop or maintained an even level for default notices allowing California to reach a five-year low in foreclosures.