Property Grunt

Friday, February 06, 2009

Sneak preview of the Property Shark January 2009 Foreclosure Report

The current foreclosure market.

Those wild and crazy guys from Propertyshark gave me a sneak preview of their next foreclosure report and it is does not suck. It is a god damn black hole.




According to Grandmaster B, this is how it breaks down:

New foreclosures in New York City (all five boroughs) increased 64% from December 2008 (170) and were up 5% from January 2008 (266).

At least we are not in Seattle. According to the Sharkmen foreclosures went up 300% in Decemeber 2008.

Yeah, we're f**ked.

Be sure to keep an eye out for the entire report this Monday.