New York foreclosure inventory among the nation's highest

CoreLogic releases June market pulse report on housing market trends, mortgage rates and delinquency
  • Loan originations have declined by 60 percent nationally since 2005, when there were 11.7 loan applications for single-family homes.
  • New York state has a 3.2 percent rate of foreclosure, just behind New Jersey.
  • Home prices in New York increased 2.1 percent monthly in April and 5.9 percent annually.

CoreLogic’s June report finds that loan refinancing doesn’t make sense for a lot of current homeowners in the U.S.

Forecasts predict mortgage rates will increase this year, so CoreLogic used its data to determine refinancing conditions, mortgage denial rates and the overall health of the housing market throughout the nation.