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RealtyTrac: Foreclosure filings in New York State rise in first quarter 2016 and in March

Apr 14, 2016
In its U.S. Foreclosure Market Report for the 2016 first quarter, which reports default notices, scheduled auctions and bank repossessions, RealtyTrac Inc. reported New York State ranked 16 out of all 50 states for quarterly total foreclosure filings. New York had 16,525 total foreclosure filings in the first quarter, with 6,667 of them happening in the month of March.
 
Foreclosure filings in New York State rose 14.92 percent from the previous quarter, and were up 18.95 percent from the first quarter of 2015. March’s foreclosure filings were up 28.93 percent from February, and up 27.89 percent from March 2015. One in every 493 housing units in New York State received a foreclosure filing in the first quarter, and one in every 1,223 received a foreclosure filing in March.
 
Nationally, foreclosure filings were reported on 289,116 U.S. properties in the first quarter, down 3.58 percent from the previous quarter and down 7.77 percent from a year ago. One in every 459 U.S. housing units received a foreclosure filing during the first quarter.
 
Foreclosure filings were reported nationally on 108,970 U.S. properties in March, an 11.06-percent increase from February, but down 10.72 percent from March 2015. One in every 1,218 housing units received a foreclosure filing in March.
 
To read the entire RealtyTrac press release, click here.
 
For more statistics and trends from RealtyTrac, click here.
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