RealtyTrac’s recent U.S. Foreclosure Market Report indicated that filings, such as default notices, bank repossessions, and auctions, dwindled to 1.36 million in 2013—a 26% decline from 2012 and a 53% decrease from the pinnacle in 2010.

In addition, the report showed that 1.04% of all housing units, or one in every 96, had at least one foreclosure filing last year, which is a 1.39% decline from 2012.

There were 747,728 U.S. properties that began the foreclosure process in 2013, resulting in a 33% decrease from 2012.  In total, foreclosure activity dropped in 10 states. The highest rates of foreclosure were in Florida, Nevada, Illinois, Maryland, and Ohio.

Rates are expected to improve in 2014 as well, due to fewer distressed properties and the increase in foreclosure auctions in judicial states, which account for the majority of foreclosure inventory.