RealtyTrac is reporting foreclosure filings during the first six months of 2011 dropped by 25 percent compared with the last half of 2010. The foreclosure filed during Q2 of 2011 was the lowest total in over three years. The drop may be more related to delays in the filing process that an improvement in the economy.

Insiders are saying the decline in foreclosure filings is helping to temporarily stabilize housing prices. The result is what has been called an 'artificial floor' in home prices, because prices would actually plummet if more foreclosures are processed at a quicker pace.

Nevada continues to see the highest foreclosure filing rate. One out of every 21 Silver State homes are receiving a foreclosure notice. Arizona is next, at one in 36 households; and California is third with one in 51.