While New York City as a whole saw a 17% jump in foreclosures this month (and Staten Island was up particularly worrisome 49%), the number of foreclosures in Brooklyn was virtually unchanged versus last month and was about 40% down from last May’s peak of 63, according to a report just released by Propertyshark. Queens and the Bronx rose 9% and 13%, respectively, while foreclosures in Manhattan ticked up from a total of 10 in October to 12 in November. The percentage of foreclosures per household in New York City is still a fraction of that in Seattle, Miami and Los Angeles, the other three cities tracked by PropertyShark. Surprised that the numbers aren’t worse for Brooklyn?
November 2007 Foreclosure Report Issued By Propertyshark [PRWeb]