A new article in Crain's NY discusses the recent foreclosure statistics for the NYC boroughs. While the number of new foreclosures fell, there were major increases in Manhattan as well as in co-ops citywide.
*The total number of new foreclosures in the five boroughs shriveled 56% during the second quarter - as compared to a year ago.
*During the second quarter, 66 homes in Manhattan were in foreclosure, more than double the number of foreclosures the same period a year ago. That total also marked a two-year high for the borough.
*While the number of new foreclosures fell from a year ago, it is worth noting that new foreclosures were up 16% from the first quarter of this year.
See Crain's for the full article:
Home foreclosures plummet in city | Crain's New York Business
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