Dive summary:

• Foreclosures are easing, which means fewer REO homes going onto the market and competing with products from home builders, according to figures compiled by RealtyTrac, and June's report was the lowest monthly figure since December 2005.
• Breaking down the report, fewer properties went into foreclosure in 38 states in June than in May, with Nevada and Colorado having the biggest declines – 84% and 62%, respectively.
• Nationally, 409,491 properties went into the foreclosure process in some way, which RealtyTrac says is a pace that will result in 800,000 actions this year, compared with 1.1 million last year.

From the article:

"Halfway through 2013, it is becoming increasingly evident that while foreclosures are no longer a problem nationally, they continue to be a thorn in the side of several state and local markets...."