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The number of new repossession cases was also down, falling by 15% quarter on quarter to 11,800 – the lowest figure since the summer of 2008.
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"They get the idea from property programmes on the telly that there's loads of fast money to be made from property," says an estate agent at WH Brown, which takes one or two new repossessions every week.
The data, issued by the Financial Services Authority, shows that after falling in each quarter since late 2009, the number of new home repossessions increased by 17% in the first three months of this year to 9,613.
New themes: "overcoming repossession and job-loss".
Some surveyors warned of a new wave of repossessions.
My boss, who I'll simply call "T," had come to the East Coast to open a new office for a repossession company.
New foreclosure cases and repossessions are down nationally by about a third since last fall, LPS said.
Even this new quicker pace of repossessions remains well behind the levels seen at the height of the foreclosure crisis.
An event called The Diverse Suburb taught me new vocabulary like "foreclosure" for "repossession".
More than 200,000 homes in England are at risk of repossession or eviction, according to new figures released today by Shelter.
For many observers of Australia's housing market and economy, the increase in the repossession rate highlighted by the New South Wales Supreme Court is a worrying development.
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CEO of Professional Science Editing for Scientists @ prosciediting.com