New foreclosures in New York City fell 38 percent in May compared to the same time last year, and foreclosures in Manhattan alone were down 77 percent. But Brooklyn's foreclosures were up 28 percent, andnd the folks at PropertyShark, who put together the data, tell Crain's that foreclosures are usually a few months behind what's happening in the market. So now we just feel robbed of an excuse for a celebratory cocktail. [Crain's]
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