This is just great news.  We've all been bombarded with the media telling us that the number of foreclosures are skyrocketing, but this latest report takes Charleston out of the mix.

Here's what the South Carolina Association of Realtors had to say:

"The binge that many housing markets went on in the early- to mid-2000s is over, and some of the hottest markets like California are now experiencing the worst hangovers. But other areas, including South Carolina, have seen little increase in foreclosure rates, according to the latest data released Tuesday from RealtyTrac, the online marketer of foreclosure properties.

"While foreclosure activity has skyrocketed over the past year in many cities, particularly in California, Ohio and the Northeast," James Saccaccio, RealtyTrac's chief executive, said in a statement, "foreclosure activity seems to be subsiding in parts of Texas, South Carolina and other states."

Greenville has second lowest foreclosure rate and largest decrease in rate on the list. Charleston and Columbia also show slowing rates."

Out of a list of foreclosure rates for 100 of the top US metro cities, Charleston was listed as #90.  I think that's pretty impressive.  I haven't noticed the amount of foreclosures increasing, and this just proves that I'm not missing anything.

Hopefully Charleston can remain on the low side.  Home prices increased slightly in June, and it would be really nice to see the trend continue.