New York State foreclosure inventory ranks 2nd highest in the nation

  • The national foreclosure rate in July was the lowest since August 2007.
  • New York State posted the second highest statewide share of foreclosures, at 3 percent of mortgaged homes.
  • Foreclosure inventory in the New York City metro dropped 26.6 percent annually to reach 2.8 percent of mortgaged homes.

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After years of consistent improvements, the national foreclosure rate is at its lowest level in nine years, according to CoreLogic’s July 2016 National Foreclosure Report.