The number of foreclosures in Brooklyn ticked up slightly in May, according to PropertyShark.com, a trend exhibited in Queens but not the other three boroughs. The 21 foreclosures in Brooklyn last month was the highest number since November though well below the monthly average for 2008. Meanwhile Queens continued to dominate the city's foreclosure scene with a total of 201; May also marked the first time that the top 15 zip codes for foreclosures were all in Queens. Brooklyn's per household foreclosure rate remains a low 0.002% as compared to 0.001% for Manhattan, 0.004% for the Bronx and 0.017% for Queens.
Foreclosures in Brooklyn Up Slightly But Still Low
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