New York City foreclosures saw monthly improvement in the third quarter, a new report shows, revealing fewer first-time scheduled auctions compared to the second quarter selling season.
- Scheduled auctions in New York City fell 22 percent quarter-over-quarter but rose 24 percent annually.
- Queens held nearly half of all first-time foreclosures, with 242 affected homes in Q3.
- Unlike the other four boroughs, Manhattan’s foreclosure rate rose quarter-over-quarter.
- Staten Island was the only borough to post both annual and quarterly dips in first-time foreclosures