Looking back on the last six months of 2009, foreclosures have seen their share of increases, decreases and record highs- or at least depending on who you ask. This inconsistency leaving the country to wonder what lies ahead for the economy. Many economists and real estate experts predict foreclosures will increase to highs greater than seen in years prior, while others predict a softening.

One thing is certain. The media has made it quite apparent that the worst is yet to come, highlighting reports of heightening foreclosure filings, or notices of default. What hasn’t been reported is the fact that REOs, bank repossessions, foreclosures, fully-defaulted properties, and all other variations of the word have decreased over the last nine months.

This is a great sign. While it is unknown whether one factor is directly correlated to the decrease in actual foreclosures, most likely it is a combination of all efforts.

In homage to president Obama, let Foreclosure Research be the first to announce “there is change” coming to the real estate market.

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