Journal Article

Examining the rising foreclosure rate

Abstract: We examine the foreclosure rate in the U.S. economy and outline factors that may be contributing to its rise. We also investigate the behavior of foreclosure rates in New York State and six of its major metropolitan areas. Particular attention is given to Buffalo, where foreclosures increased fourfold in the 1990s.

Keywords: Mortgage loans - New York (State); Home ownership - New York (State); Federal Reserve District, 2nd;

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Bibliographic Information

Provider: Federal Reserve Bank of New York

Part of Series: The Regional Economy of Upstate New York

Publication Date: 2003

Issue: Spr