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

As of July, the NYC metro area ranked highest in the country in completed foreclosures and inventory
  • 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.

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.