First the good news: when CNN put together a list recently of the zip codes around the country with the most foreclosures, New York State didn’t have a single spot in the top 300. Now the bad news: Of the four zip codes in the state that made the top 500, three of them were in Brooklyn: 11207 (East New York), 11208 (East New York) and 11233 (Bed Stuy and Crown Heights). It appears that East New York is by far and away the worst hit neighborhood thus far with Bed Stuy and Crown Heights suffering as well. But this isn’t anything we didn’t already know, right?
Foreclosures drift to Sun Belt from Rust Belt [Money/CNN]