Signs of a slowdown in national foreclosure activity were reported in a market survey released on Thursday, but the heat is not off residential housing yet.

Foreclosure filings were down by 2 percent in February, according to the RealtyTrac report, with 1 in every 418 U.S. housing units receiving a foreclosure filing last month.

For the 12th straight month, more than 300,000 properties received foreclosure filings. So while February was an improvement over January, foreclosure rates were still 6 percent above what they were in February last year, the report said.

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