CoreLogic: New York foreclosures in June

NYC has the second-slowest decreasing foreclosure rate among the major metros studied
  • June was the 56th straight month of year-over-year decline in completed foreclosures in the U.S.
  • The 38,000 completed foreclosures in June 2016 represents a 5.1 percent rise since May, but it also represents a year-over-year drop of 4.9 percent.
  • As of June 2016, New York State's foreclosure inventory was at 3.1 percent, and its serious delinquency rate was 5.6 percent, both of which are higher than national averages.

There were 38,000 completed foreclosure nationally in the month of June, representing the 56th straight month of year-over-year decline, according to CoreLogic’s June 2016 National Foreclosure Report.