Property Grunt

Friday, May 09, 2008

Hurting, Must Stop

Propertyshark has rolled out its monthly pdf foreclosure report for the month of April and it is pretty much more of the same.

Queens still reigns supreme with 58% of New York City’s foreclosures, right behind it is Brooklyn and Staten Island while Manahttan and the Bronx have been able to weather the foreclosure storm with only a combined 11% of the month of April.

As I have stated before, if you have the fortitude, the resources and a plan, you can probably find a lot of investment opportunities out there.

On the flipside, it probably sucks ass to be a seller in those neighborhoods or to be a broker.

So when will this all bottom out? Who knows. But it is till going to hurt.