Foreclosure News Mixed in Fourth Quarter


Foreclosures in New York City were up year-over-year in the fourth quarter of 2008 but down from the third quarter, not surprising results given the moratorium around the holidays; overall, rates of foreclosure in New York remained far below Los Angeles, Miami and Seattle. In Brooklyn, there were 83 foreclosures in Q4 2008, down from 108 in Q4 2007 and 165 in Q3 2008. For 2008 as a whole, there were 555 foreclosures in 2008, versus 534 throughout 2007. Queens continued to hold the crown for most foreclosures; there was not a single Brooklyn neighborhood represented on the list of Top 15 zip codes.
Quarterly Foreclosures Report: Now With More Charts! [Curbed]
Property Shark 4Q Foreclosure Report [Curbed, PDF]

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