The mortgage loan delinquency rate in Brooklyn, the Bronx and Queens in the final quarter of 2010 was up from year-earlier levels, according to a recent quarterly analysis. The uptick could well lead to a rise in foreclosure activity in coming months.
Manhattan was the only borough to see a decline in delinquencies, with a slight drop of 0.04 percentage points in the period.
APARTMENT MARKET SHOWS POSSIBLE SIGNS OF STRENGTH
Sales in the Manhattan co-op and condo market show signs of bouncing back after dropping sharply last month, reports the Wall Street Journal.
January sales were hurt because (more…)