Brooklyn Foreclosures Holding at Low Levels

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Like the city as a whole, the number of Brooklyn foreclosures was down in January versus most months last year according to data from PropertyShark. Other than December, which was unusually low because of the holiday moratorium, the monthly foreclosure figure for Brooklyn last year ranged from 21 to 63; by comparison, the number was 12 in January 2009. Manhattan continued to have the fewest foreclosures and Queens maintained its title as the foreclosure capital of New York City on an absolute basis, though it was higher in Staten Island on a per capita basis. As the chart on the jump shows, New York City as a whole had a far lower rate of foreclosure than Los Angeles, Miami and Seattle.

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By Brownstoner |