NYC foreclosures down since Q2 but up annually

  • 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

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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.