clock menu more-arrow no yes

Filed under:

Your Morning Credit Crunch: Brooklyn & Queens to Blame

New, 35 comments

Another morning, another report from the front lines of the sub-prime meltdown hell, which would be Brooklyn and Queens. Today's numbers come from a report in the Post. The latest figures are that foreclosures were up 120 percent last month in Queens over last year. They spiked 50 percent in Brooklyn. That translates into 1,514 forclosed houses in Queens last month compared to 688 last year, and 1,277 in Brooklyn compared to 815 last year. The figures are holding steady in Manhattan and the Bronx and foreclosures are actually down slightly in Staten Island. At least, those are today's stats.
· Bklyn, Qns Foreclosures Soar [NYP]