August Foreclosure Report: Queens Still Hurting, BK Better

Property Shark released its August Foreclosure report this morning, and the news is that while four boroughs have seen a decrease in foreclosures, they're still rising in Queens. "The current number (254) is up 113% from August 2007, and up 43% from July 2008, setting a two-year high for Queens," they report. Brooklyn's doing better, though — foreclosures sunk 29% compared to July. Most foreclosures occur in single- and two-family houses; only nine condos foreclosed.
August Foreclosure Report [Property Shark]

Trackback Pings

TrackBack URL for this entry:
http://www.brownstoner.com/mte/mt-tb.cgi/6094

Comments

Rumor has it that there might be a foreclosure on St. James (168 if I recall correctly). Substantiated?

Posted by: DOW8000SP800 at September 4, 2008 9:12 AM

Is this a sign of the market starting to come around or a result of the moratorium on foreclosures after the NY State Assembly's recent foreclosure legislation?

Posted by: Chaka at September 4, 2008 9:27 AM

Wasn't there a foreclosure moratorium, or hold period? Or a planned one? What is the situation with that?

Posted by: LOL at September 4, 2008 9:41 AM

LOL - I like your handle. It made me LOL.

Posted by: DOW8000SP800 at September 4, 2008 9:46 AM

If the effects are part of the moratorium, it would apply to Queens as well. Last time I checked, Queens and Brooklyn are part of the same state.

DOWhat: Why don't you check out the obits to try to find cheap real estate?

Posted by: 11233 at September 4, 2008 6:24 PM

Last time I checked they were even in the same city.Perhaps the Queens number would have skyrocketed even more, if it were not for the legislation.

Posted by: Chaka at September 4, 2008 11:25 PM

« Thursday Links DOB Green-Lights 575 5th Avenue »

September 4, 2008

August Foreclosure Report: Queens Still Hurting, BK Better

Trackback Pings

Comments

Post a comment

Latest Restaurant Additions