Foreclosure Tsunami Hits New York State

Foreclosure Tsunami Hits New York State As 2017 Foreclosures Are 200% Higher Than 2010

New York is facing a foreclosure tsunami. However, foreclosure across the United States are at an 11-year low. New York seems to buck the trend.

ATTOM Data Solutions released its Year-End 2017 U.S. Foreclosure Market Report. The report shows foreclosure filings and scheduled auctions were reported on 676,535 U.S. properties in 2017. This is down 27 percent from 2016 and down to the lowest level since 2005.

Those 676,535 properties with foreclosure filings in 2017 represented 0.51 percent of all U.S. housing units.

The report also includes new data for December 2017. December 2017 is the 27th consecutive month with a year-over-year decrease in foreclosure activity. ATTOM reports there were 64,651 U.S. properties with foreclosure.

Read more at MFI-Miami

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