Wednesday, August 3, 2011

Foreclosure activity decreases in all New York State metro areas

From NYSAR:
Foreclosure activity decreases in all New York State metro areas; 

In its mid-year 2011 metropolitan foreclosure market report, RealtyTrac, Inc. 
reported that all eight of New York’s metropolitan areas with populations of
 200,000 or more posted decreased foreclosure filings from the previous six 
months as well as the first six months of 2010. Additionally, the Utica-Rome, 
NY metropolitan area, with one in every 9,757 homes receiving a foreclosure 
in the first half of 2011, had the lowest foreclosure activity of all U.S.
 metropolitan areas. Of these 211 metropolitan areas in the country, Utica-Rome 
came in at number 211.8/1/2011

The rest of New York State’s metropolitan areas weren’t far behind. Syracuse 
was number 209, Rochester was number 207, Buffalo-Niagara Falls was number 
206, Albany-Schenectady-Troy was number 203, and Binghamton was number 200. 
The New York City region, including Northern New Jersey and Long Island, and the
 Poughkeepsie-Newburgh-Middletown areas had a slightly higher foreclosure rates, 
although still rank modestly among the rest of the nation at numbers 181 and 163 
respectively.
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