New York City foreclosure activity rising monthly, report says

  • RealtyTrac reported foreclosure activity is below 2006 levels throughout the nation, but 18 states are still posting gains.
  • Foreclosure rate in New York City increased 104 percent month-over-month in May 2016.
  • The most notable monthly dips in foreclosure rates in the NYC metro were in Hudson and Middlesex counties.

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A sure-fire sign of an improving real estate market is the fall of foreclosure activity, and luckily those trends are down throughout the nation for the eighth consecutive month, according to RealtyTrac’s newly released data.