Home foreclosures in the region dipped slightly in May, with fewer homeowners struggling to make their payments, experts said.
The number of default notices, sales at auction and bank repossessions in Burbank, Glendale, La Cañada Flintridge and La Crescenta fell 2% in May from the month prior, from 377 to 369, according to the real estate tracking firm RealtyTrac.
Compared with May of last year, the number of foreclosures in the area declined by 15%.
Paul Habibi, a professor of real estate finance at the UCLA Anderson School of Management, said he expects to see a "flat housing environment" for the remainder of the year.
With the job market projected to pick up and interest rates remaining low, buyers might still be encouraged and perhaps nudge home prices upward, he said, although the $8,000-federal tax credit for homebuyers ended Wednesday.