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NYC foreclosures drop in April.

Source: PropertyShark.com Foreclosures in New York City decreased in April, according to the monthly foreclosure report from PropertyShark.com. There were 263 new foreclosures in the five boroughs in April, down 18 percent from March and 20 percent year-over-year. Recent foreclosure patterns have continued to hold for individual boroughs, with Queens leading in number of foreclosures. But Queens' 172 new foreclosures represented a 23 percent drop from March of this year and an 11 percent decline from April 2008. Foreclosures rose in Staten Island -- which has also topped the city in foreclosures -- by 15 percent from March and 4 percent year-over-year. In the Bronx, foreclosures fell 44 percent from March but rose 10 percent year-over-year. Manhattan saw eight foreclosures in April, a 47 percent drop year-over-year. In Brooklyn, foreclosures were level in April from March and were down 76 percent from April 2008. TRD

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Publication:The Real Deal
Date:May 12, 2009
Words:166
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