IRVINE, Calif. – July 14, 2016 – While Florida continues to have a higher number of foreclosures, the total number continues to drop, and the state's U.S. ranking is in decline as it moves from its often No. 1 spot down to No. 4 in RealtyTrac's 2016 U.S. Foreclosure Market Report.
New Jersey now tops RealtyTrac's foreclosure-rate list (0.98 percent of housing units with a foreclosure filing) followed by Maryland (0.90 percent) and Delaware (0.78 percent). In fourth place, Florida (0.70 percent) still outranks its long-time competitor for the top spot, Nevada (0.68 percent).
The top 10 list of foreclosure-rate states for the first six months of 2016 is rounded out by Illinois (0.61 percent), Ohio (0.54 percent), South Carolina (0.54 percent), Connecticut (0.48 percent) and Indiana (0.47 percent).
In a look at foreclosure rates by metro area, Florida has three cities in the top 10:Read More