50% increase in NYC Foreclosures YoY

"Twelve of the top 15 ZIP codes with the most foreclosures were located in Queens. Two were in Brooklyn and one was in Staten Island."

also the base is just tiny. so large % yoy not that meaningful. i wish there were more foreclosures in prime nyc, but it seems like that is a ways off...

Month over month numbers are down 15%. nyc, was it you, or one of the other nyc screen names, that was arguing so harshly with me that YoY numbers are meaningless and QoQ numbers are the true numbers to go on?

I'm not looking to take whichever side is more advantageous to me for the article in question. I still stand by my statement that YoY numbers are far more accurate, due to seasonality effects, than QoQ or MoM.

Okay dudes, first, it takes 12-18 months for a foreclosure to occur in New York State. Second, co-ops don't show up in the figure until after the foreclosure is executed. Ergo, it's a pretty meaningless statistic in the medium-term.

the best way to get from tiny to large is to increase by 50% or 100% a few times...
the pace is only increasing.

These numbers are small and not very useful right now as data for NYC. certainly they should be tracked and an eye kept on them. But are they accurate in predicting anything right now? Not so much.

nyc10022
about 2 hours ago
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the best way to get from tiny to large is to increase by 50% or 100% a few times...
the pace is only increasing.

yes, thanks for the obvious.

> yes, thanks for the obvious.

You would think... but look at the posts I was responding to.