According to RealtyTrac's Q1 2016 US Foreclosure Market Report, foreclosure activity in the US was below pre-recession levels in 78 out of 216 metropolitan statistical areas (36% of the market). Nationwide, the report shows foreclosure filings - default notices, scheduled auctions and bank repossessions - were reported on 289,116 properties in the first quarter of 2016, down 4% from the previous quarter and down 8% from the first quarter of 2015 to the lowest quarterly total since the fourth quarter of 2006, a more than nine-year low.
Among 216 metropolitan statistical areas with a population of at least 200,000, a total of 78 posted Q1 2016 foreclosure activity below pre-recession average levels, including Los Angeles (27% below pre-recession average); Dallas (65% below); Houston (64%); Miami (19%); and Atlanta (57%).
However, there were still 138 of the 216 major metro areas (64%) with Q1 2016 foreclosure activity above pre-recession average levels, including New York (80% above pre-recession average); Chicago (17% above); Philadelphia (97%); Washington, DC metro (134%); and Boston (46%).
Among the 216 metropolitan areas, those with the five highest foreclosure rates in the first quarter of 2016 were Atlantic City, New Jersey (one in every 106 housing units with a foreclosure filing); Trenton, New Jersey (one in every 168); Baltimore, Maryland (one in every 183); Lakeland-Winter Haven, Florida (one in every 196); and Rockford, Illinois (one in every 211).