N.J. continues to lead in foreclosures as country rebounds
New Jersey continues to lead the country in foreclosures despite a national trend showing many states recovering to pre-recession numbers.
Nationwide, properties starting the foreclosure process during the first half of 2016 were down 17 percent from the same time last year, the lowest figures recorded since 2006, according to data recently released by RealtyTrac.
One in 249 housing units currently have a foreclosure filings in the United States, or 533,813 properties. The homes in foreclosure account for .4 percent of all housing units across the country.
New Jersey has 34,876 foreclosure properties, just under 1 percent of the state’s housing units as of June, according to RealtyTrac.
The Atlantic City and Trenton metropolitan statistical areas, census designated areas with populations more than 200,000, have the highest foreclosure rates in the nation. Atlantic City’s region has a rate of 1.85 percent, and the Trenton-Ewing region has a rate of 1.31 percent.
Camden County led the state with 1,382 properties in foreclosure over the last six months, followed by Ocean and Essex counties with 1,339 and 1,279 foreclosure filings, respectively.