Atlantic City and Trenton lead the nation in foreclosure filings

From NBC News:

Atlantic City Area Tops List of Foreclosures

Atlantic County, home to New Jersey’s fiscally distressed gambling hub Atlantic City, had the highest foreclosure rate of any major U.S. metropolitan area in the first quarter of 2016, according to RealtyTrac data released on Thursday.

One in every 106 housing units in Atlantic County had a foreclosure filing in the first quarter, compared to a nationwide rate of one filing per 459 homes.

The area has been hit hard by the closure of four Atlantic City casinos in 2014, which remain shuttered. It also had the highest metro foreclosure rate for all of 2015.

Trenton, New Jersey’s capital city, had the second-highest metro foreclosure rate in the nation in the first quarter and Baltimore, Maryland, came in third.

As a state, New Jersey had one foreclosure filing for every 216 housing units, the second-worst rate of all U.S. states, behind only Maryland, where one in every 194 units had a filing, the RealtyTrac data showed.

Nationally, foreclosure activity bumped higher seasonally in March, but most markets continue to improve to more stable levels, said RealtyTrac senior vice president Daren Blomquist in a statement.

More than a third of the 216 local markets examined were below their pre-recession foreclosure averages in the first quarter.

“We would expect a growing number of markets to move below that milestone the rest of this year, while the number of markets with a lingering low-grade fever of foreclosure activity continues to shrink,” he said.

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24 Responses to Atlantic City and Trenton lead the nation in foreclosure filings

  1. Comrade Nom Deplume, Recovering From The Slopes says:

    Frist. And last. Busy day. Will see the Stu/gator tribe in Philly

  2. D-FENS says:

    Don’t you dare call yourself a conservative if you supported Fields’ personal and political use of police and prosecutors.

  3. Juice Box says:

    Bernie is closing the gap in NY.

  4. GOP's broken (the good one) says:


    It’s not a radical idea to ask large,
    wealthy corporations who are doing phenomenally well to start paying their fair share of taxes.

    Juice Box says:
    April 14, 2016 at 8:16 am
    Bernie is closing the gap

  5. grim says:

    Why ask when you can just seize their assets and take their money? Comrade, we just appropriate it for the people and the motherland.

  6. GOP's broken (the good one) says:

    instead of moving to Florida


    Most Americans can pay lower taxes
    if hedge fund managers who make billions manipulating the marketplace
    pay the taxes they should.

  7. grim says:

    6 – Have you ever owned a company? Have you ever filed and paid corporate taxes?

    Just asking.

  8. The Great Pumpkin says:

    A friend of mine that bought a home in 2013 in the Pines Lake area for 387K in 2013 has put the home on the market for 494k. He remodeled in 2014. On the first showing, he got a full price offer with a contingency that if it goes into a bidding war, they would get the house for no more than 5k over asking price. The crazy part, he thought he would get 430k. Only reason he listed it so high was due to his ex refusing to list it for lower. Real estate is crazy. Never know what to expect.

  9. grim says:

    From MarketWatch:

    U.S. jobless claims fall 13,000 to 253,000

    The number of Americans who applied for unemployment benefits last week fell by 13,000 to 253,000, matching the lowest mark since the end of the Great Recession and sinking to a level last seen in 1973.

    Economists polled by the MarketWatch had predicted initial jobless claims would total a seasonally adjusted 270,000 in the seven days stretching from April 3 to April 9.

    The U.S. has generated millions of jobs over the past five years, putting many Americans back to work and keeping the economy on a slow but stable growth path in the wake of the devastating 2007-2009 downturn.

    Many companies these days are not only reluctant to part with current employees, they complain it’s harder to find enough qualified people to fill open positions.

    The low level of claims is also a sign the U.S. economy was still adding jobs in April at a healthy clip. Low claims usually correlate with strong employment reports.

    The average of new claims over the past four weeks, a less volatile measure, declined by 1,500 to 265,000, the Labor Department said Thursday. That’s also near a postrecession low.

    Some 2.17 million people collected weekly unemployment benefits, known as continuing claims, in the seven days ended April 2. That was 18,000 lower compared to the prior week.

  10. walking bye says:

    @8, Pumpkin not sure why, at first I thought you meant Pine Lake Florida and nearly fell off my chair.

  11. Anon E. Moose says:

    Tool-isms: [4] “paying their fair share of taxes.”; [6] “pay the taxes they should.”

    In Nom’s absence, I’ll ask: exactly how much, kommisar? Define your terms of STFU.

  12. D-FENS says:

    This is the same thing left wing despotic dictators utter when they tell their oppressed victims that soc1@lism and central planning are the answers to all of their problems.

    It so obvious.

    GOP’s broken (the good one) says:
    April 14, 2016 at 8:34 am
    instead of moving to Florida


    Most Americans can pay lower taxes
    if hedge fund managers who make billions manipulating the marketplace
    pay the taxes they should.

  13. Comrade Nom Deplume, Recovering From The Slopes says:

    [12] moose

    Appreciate the backstop but the twitiot won’t define it because he can’t.

  14. Comrade Nom Deplume, Recovering From The Slopes says:

    In Philly for a meeting. After, stop in on the little gator. With luck, I’ll catch libturd

  15. joyce says:

    When there’s too many witnesses, they’ll have to sacrifice one hero of the brotherhood. That said, the cop’s buddies who falsified reports and prosecutor who used kid gloves on him will keep on keepin’ on.

    Remember the Bloomfield incident? Internal Affairs cleared the criminal cops of all wrong-doing; they’re still on the job.

  16. joyce says:

    I mean the IA cops are still on the job.

  17. yome says:

    18 that analysis is flawed. The guy rather pay 8% in interest and get back 30% of the 8% after deduction if he is in the 30% bracket. Interest rates today is at 3.5% versus 30% of 8% is equal to paying 5.6%. After deducting the interest on a 3.5 and deducting property tax you are much ahead.

  18. Comrade Nom Deplume, Recovering From The Slopes says:

    Hadn’t seen Stu in about 3 years. Hasn’t changed a bit

  19. The Great Pumpkin says:

    Go to Fredrik Eklund’s Facebook page and check out the house he just bought. He is one of the top realtors from nyc and is on that bravo nyc real estate show. How come he just bought a massive 8 bedroom home in Connecticut? I thought suburbs were dead? More evidence that pumpkin was right about the burbs.

  20. D-FENS says:

    Trenton makes the world takes.

  21. Essex says:

    Manhattan lawyer ‘forced’ teen Denisse Villalta to strip and have sex during job interview! A woman claims that during a job interview for a receptionist position she was forced to strip and have sex with one of the founding lawyers at a New York firm. Denisse Villalta, 21, alleges that attorney Sunny Barkats forced her to have sex with him during an interview when she was 19 years old, according to a lawsuit she filed Wednesday in Manhattan Federal Court.

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