RealtyTrac released its 2008 U.S. Foreclosure Market Report this week, "which shows a total of 3,157,806 foreclosure filings — default notices, auction sale notices and bank repossessions — were reported on 2,330,483 U.S. properties during the year, an 81 percent increase in total properties from 2007 and a 225 percent increase in total properties from 2006. The report also shows that 1.84 percent of all U.S. housing units (one in 54) received at least one foreclosure filing during the year, up from 1.03 percent in 2007."
New York ranked 35th on the list, and the highest metro area in New York appearing on the rankings is Poughkeepsie-Newburgh at 69th.
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