The phrase "fewer foreclosures" means that there are a smaller number of homes being taken away from owners who cannot make their mortgage payments. Full definition
So fewer foreclosures in general have translated to fewer bank owned properties. (investingarchitect.com)
Zero down mortgages do exist, and some of them actually perform quite well with few foreclosures. (amerifirst.com)
More than half have smaller foreclosure inventories and fewer foreclosure starts than in 2008, while distressed properties make up a smaller share of overall residential sales when compared to four years ago. (re-insider.com)