A new report Property Shark's 2024 New York Metro Foreclosure Report is good news for banks. The foreclosure rate continues to decline in North Jersey counties including Sussex County. Overall the foreclosure rate in our area went down 71 percent in 2024. That's in spite of relatively high interest rates. One of the factors could be higher values. Demand for real estate in New Jersey continues to be healthy. One county that is not moving with the trend is Hudson County. Which actually saw the rate of foreclosures increase by 8 percent.
Source: NorthJersey.Com
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