“For Southwest Florida this report proves that the housing market is officially back to pre-recession norms, at least when it comes to foreclosure activity,” said Daren Blomquist, vice president for Irvine, Calif.-based research group RealtyTrac, which produced the report. “Foreclosure activity in Southwest Florida has been below its pre-recession quarterly average for three consecutive quarters now, demonstrating this return to normality has legs,” Blomquist said.
