Washington sees biggest foreclosure drop-off in nation’s top markets

By Liz Farmer

Published January 26, 2011 5:00am ET

The Washington area’s foreclosure rate dropped by nearly one-quarter last year, leading the nation’s major markets with the biggest decrease in the percentage of homes that went into foreclosure in 2010. The report by RealtyTrac comes on the heels of Tuesday’s good news for local homeowners that Washington-area home prices rose last year by more than any other major market in the nation.