Foreclosure Drop in May a Head Fake?
Property Shark released its foreclosure data for last month. In May there were 45 foreclosures in Brooklyn, down from 57 in April and 47 in May 2009. By contrast, Manhattan foreclosures fell over the month from 18 to 7 while Queens ones dropped from 379 to 289. Three months ago people were thinking that we…
Property Shark released its foreclosure data for last month. In May there were 45 foreclosures in Brooklyn, down from 57 in April and 47 in May 2009. By contrast, Manhattan foreclosures fell over the month from 18 to 7 while Queens ones dropped from 379 to 289. Three months ago people were thinking that we were going back into a bull market, so now we see less foreclosure, said Bill Staniford, PropertyShark’s chief executive, noting that foreclosures lag behind changes in the overall economy. But my crystal ball tells me we are not out of the woods yet. We still have plenty of pain to get through.
Foreclosures Drop 38% in NYC in May [Crain’s]
Graph by Property Shark
Dave, it’s nice to be agreed with but I’m not positive I’d exclude your neighborhood from the war zone comment.
David,
I get the impression ( art term) that you are worried about your hovel.
As long as The Show in Washington is being run by a bunch of arrogant, wisdom-free leftists, things aren’t going to be getting better–WHAT DID YOU EXPECT?
My point exactly, invisible.
Extremely useful data if you’re in the market for dumps in east new york or brownsville. Anything good that’s truly a brownstone w potential outside of a war zone you’re probabally swimming with sharks for the chum.
It’s an expression, DIBS. Like “No, you did not have the audacity to get under my skin!”. Sarcasm if you will. Make sense now?
***Bid half off peak comps***
Drinking at lunch, BHO? Your reply makes no sense.
[Oh] no you didn’t!
***Bid half off peak comps***
I no you didn’t, DIBS!!!
***Bid half off peak comps***