Foreclosures way down, but does that equal good news?

Is this what we have finally been waiting for? Really good news about foreclosures. My guess is, don't get too excited by any short term "trends"--- but, that said, the latest news from RealtyTrac just out today is encouraging.

Foreclosure filings decreased again in November, down almost 8% from the previous month. That marks the fourth month in a row that was the case.

Of course, there is still plenty of bad news because the foreclosure rate is up an enormous 18% from a year ago this time.

Right now, the RealtyTrac report reveals that one in every 417 households got a foreclosure notice last month alone.