Foreclosures nationwide continued to fall steadily last month, adding more momentum to the housing recovery.
Completed foreclosures fell 19% year over year to 54,000, the lowest level since September 2007, according to real estate data provider CoreLogic. They dropped 7% from January.
Meanwhile, the number of homes in the foreclosure pipeline decreased as well. About 1.2 million homes were in some stage of the foreclosure process in February, a 21% drop from February 2012 and a 1.8% decline from January.