No. 2 in 2022: NJ foreclosures rank high, approach pre-COVID rate
But the bounceback has actually gone more slowly than one analyst would have anticipated.
NJ foreclosures
NJ foreclosure rate 2nd-highest in U.S. for March, and all of Q1
Additionally, the Atlantic City metro placed behind only Cleveland, Ohio for first-quarter foreclosure rate in areas with a population over 200,000.
U.S. foreclosures at all-time low in ’21, but NJ still ranks high
But New Jersey's 38% decrease in foreclosure rate from 2020 to 2021 actually outpaces the national average, and the same is true for 2021 versus 2019: New Jersey's activity decreased 77% across those two years, compared to 70% for the country overall.