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The trepidation with which we opened the PropertyShark 3rd Quarter Foreclosure Report that landed in our email inbox yesterday turned out to be unfounded. Things—in Brooklyn, at least—weren’t any worse last quarter than in the previous one, it turns out. And the number of foreclosures this year in the borough are still significantly less than what we saw in 2006. As for the other boroughs, Manhattan saw a small dip in foreclosures while Queens, Staten Island and the Bronx all experienced marginal upticks. Hardly the-sky-is-falling kinda stuff.


What's Your Take? Leave a Comment

  1. Just read your interesting article on foreclosures and it is certainly a dynamic market right now. For any of the readers, if you are interested to find out what is going on in the California distressed property market, you can get a detailed analysis of foreclose-related properties and of the market trends in the various counties in California. Existing homes for sale inventory rose in 10 out of the 13 California counties we covered. There are more distressed properties in the market in 11 counties out of these 13 counties. Contra Costa County has the highest proportion (25%) of their listed properties related to distressed properties. You can find the report at:
    http://realestateandhomes.blogspot.com

    Henry
    http://www.movoto.com

  2. what cracks me up is that he claims we are cowards for not ‘signing on’ and simply using guest- as though ‘the what’ is so different from ‘guest’? who cares- besides, its the content and dialog we all seek…and you are a major buzz-kill. get lost and start your own blog.