Posted by Jonathan J. Miller -Monday, February 28, 2011, 3:00 PM
The Furman Center for Real Estate & Urban Policy at NYU released their quarterly housing report on NYC which has a particular emphasis on the state of foreclosures. Here are a couple of report snippets.
- Notices of foreclosure declined 32 percent citywide in the fourth quarter of 2010 compared to the same quarter of 2009, led by sharp declines in Queens and Staten Island. The Bronx, however, experienced a 78 percent increase in fore- closure notices between Q4 2009 and Q4 2010.
- Morethanhalfofthesingle- family homes receiving a fore- closure notice in Q4 2010 were in Queens, while Brooklyn led the city in multi-family homes entering foreclosure.