nyc foreclosures improving

http://therealdeal.com/newyork/articles/nyc-foreclosure-activity-drops-24-percent-state-ranks-10th-lowest-in-country-according-to-realtytrac-foreclosure-report Foreclosure activity in New York City continued its pattern of ups and downs during the first six months of 2010, climbing 3 percent on a year-over-year basis but registering a 24 percent drop from the six months prior, according to the... [more]

http://therealdeal.com/newyork/articles/nyc-foreclosure-activity-drops-24-percent-state-ranks-10th-lowest-in-country-according-to-realtytrac-foreclosure-report Foreclosure activity in New York City continued its pattern of ups and downs during the first six months of 2010, climbing 3 percent on a year-over-year basis but registering a 24 percent drop from the six months prior, according to the latest foreclosure market report from RealtyTrac. "It's been a little bit of a roller coaster ride," said Daren Blomquist, a spokesperson for RealtyTrac. "Even though you see a big decrease from the previous six months, in most of the boroughs there's either a slight increase or maybe a big increase from a year ago, so that tells me we're not truly trending downward…basically, things are staying steady." It was a similar story statewide, where 24,506 properties were hit with foreclosure notices during the first half of the year, up 1.22 percent from the same time last year but down 19.84 percent from the previous six months, RealtyTrac data shows. [less]