Wednesday, March 14, 2012
Lots of foreclosures in NYC area
From The Real Deal:
While foreclosure and delinquency rates fell nationwide, local rates have increased, according to data released today by CoreLogic, and the delinquency for the White Plains-New York City-Wayne, NJ region set a new record.
In the State of New York, the foreclosure rate was 4.64 percent in December 2011, up from 4 percent during the same month a year prior. Not only does the December figure eclipse the national rate of 3.37 percent, but the 0.64 percentage point increase is a marked difference from the direction the national rate is heading, as it fell 0.19 percent year-over-year. Similarly, the state’s 90-plus day delinquency rate increased 0.48 percentage points year-over-year to 7.9 percent, while the national delinquency rate fell 0.54 percend during that time to 7.23 percent.