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The gang over at PropertyShark just released their April 2008 foreclosures report, and for the third consectuive month, New York City f-bombs passed the 300 mark, a level not reached in any month in 2007. The current number is 329, down 6.8% from the previous month, but up 84% year-over-year. Forecloures were slight down in Staten Island and the Bronx, and up everywhere else, though Manhattan made a minor leap from 10 to 15. Queens continues to be the big turkey, sucking up 58% of newly scheduled auctions. The 11434 zip code?comprising Jamaica, South Jamaica, Hollis and St. Albans?led the way with 24 new foreclosures.
· PropertyShark Monthly Foreclosure Report - April 2008 [PropShark; warning: PDF]
· First Quarter Foreclosures Report: Bad Day for Queens [Curbed]