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First Quarter Foreclosures Report: Bad Day for Queens

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Yesterday was the fun market-report day, even if the news was mixed. Today, it's the sad market-report day: PropertyShark's Q1 foreclosures study. Things are getting a little dicey, as you can see above, though it could be worse (Miami had nine times as many). Still, the 918 first-time foreclosures represent a 51% increase over Q4 2007, and a 65% increase over the first quarter of last year. Of course, it's all Queens's fault (and to a lesser extent, Staten Island), as the borough accounts for 508 of the foreclosures. Manhattan even slipped a little, from 27 to 23. Click through the gallery of charts for all your dirty f-word needs.
· First Quarter Market Reports: Prices Up, Sales Down [Curbed]
· Subprimal Therapy: Advice for Foreclosure Sufferers [Curbed]