RealtyTrac: New York State Q2 total foreclosures decrease; 2012 first half stronger than 2011 start
Jul 17, 2012
In its U.S. Foreclosure Market Report for the second quarter of 2012, which reports default notices, scheduled auctions and bank repossessions, RealtyTrac Inc. reported New York State had 8,686 total foreclosure filings, a decrease of 8.21 percent from the 2011 first quarter and a decrease 2.55 percent from the previous quarter. With one in every 933 housing units receiving a foreclosure filing, New York State ranked number 42 of all 50 states.
Foreclosure filings in New York during the first half of 2012 also decreased 3.51 percent compared to the first half of 2011, but increased 22.06 percent compared to the second half of 2011. 14,794 housing units in New York State received a foreclosure filing during the first half of the year.
On a monthly basis, there were 2,682 total foreclosure filings in the month of June. A decrease from both June 2011 and May 2012.
Nationally, foreclosure filings were reported on 558,310 U.S. properties during the 2012 second quarter, a decrease from both the 2011 second quarter as well as the 2012 first quarter. Likewise, foreclosure filings decreased during the month of June compared to the June 2011 total and the previous month.
There were 1,045,801 properties with foreclosure filings in the United States during the first half of 2012, a decrease of more than 10 percent from the first half of 2011, but an increase of 1.52 percent compared to the second half of 2011.
To read the entire RealtyTrac press release, click here.
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