22 Aug 2014
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Foreclosures Spike in Queens: Report

The Real Deal suggests Queens has had a rough time recently with foreclosures.

Foreclosures Spike in Queens: Report

Queens has often been referred to as the epicenter of the East Coast housing crisis — second in the nation only to Detroit — but as the market recovers, one report suggests that Queens may still be struggling, according to Real Deal.

In a posting on their site Thursday, the real estate website wrote that foreclosure filings in the borough totalled nearly 5,000 in 2012, an increase of more than 160 percent over the year before.

The site reported that Staten Island and the Bronx also had an increase in foreclosure filings last year, just not nearly as high as Queens.

Foreclosures actually dropped in Manhattan and Brooklyn.

For more information, check out the story on Real Deal.

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