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Wednesday, October 17 Business

Study: Connecticut foreclosures still historically high

The U.S. foreclosure rate hit a 13-year low between July and September, with Connecticut still among the half-dozen most active states where lenders are seizing properties, at a rate of about one in every 475 homes.

Nationwide, just over 177,000 properties were under foreclosure actions as tracked by Attom Data Solutions, down 6 percent from the second quarter of this year and 8 percent from the third quarter of 2017.

In Connecticut, nearly 3,150 properties were either under default, foreclosure or auction, down about 9 percent from the second quarter but still running nearly 30 percent above the average foreclosure rate prior to the recession of 2009. The U.S. average today is 36 percent below that period, Attom determined.

As of the third quarter, New Jersey had the highest foreclosure rate in the nation at about one action for every 270 homes, with Florida fourth and New York 11th.

Alex.Soule@scni.com; 203-842-2545; @casoulman

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