PropShark: Dip in Scheduled Foreclosure Auctions
Property Shark released its quarterly report on the city’s foreclosures, and it shows that new scheduled foreclosure auctions on residential properties in Brooklyn during the first three months of the year (total=54) were down 52 percent from the same period in 2010 (when there were 112) and 41 percent from the final quarter in 2010…
Property Shark released its quarterly report on the city’s foreclosures, and it shows that new scheduled foreclosure auctions on residential properties in Brooklyn during the first three months of the year (total=54) were down 52 percent from the same period in 2010 (when there were 112) and 41 percent from the final quarter in 2010 (91 scheduled). Meanwhile, lis pendens in Brooklyn were actually up slightly this quarter as compared to last—there were 994 in the first quarter as opposed to 930 in the final quarter of 2010—but down 21 percent year-over-year. As a whole, New York City saw a 67 percent decrease in scheduled auctions year-over-year and a 30 percent decline in lis pendens for the same period. So, pretty good news overall.
Feb Foreclosures: Downward Trend Continues [Brownstoner]
January Foreclosures: Not Much to See Here [Brownstoner]
Nothing more that Real Estate Brokers who run this site to try to keep home prices inflated. The bottom is falling out! Do not be suckered into the housing bubble scam like so many did. Can’t wait to see what is going to happen to all these speculaters when Uncle Ben starts picking up interest rates and gives value to money!
it’s a quarterly number there’s no spikes in between. just looks nicer in excel charts.
no need to foreclose when prices and rents are high. just sell.
there probably were some opportunities in questionable far flung places but if there were any in prime areas you would have seen it on brownstoner.
I’m not a fan of smoothed line graphs… it suggests that there’s data points in between.