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How New York’s Foreclosure Rates Compare by Borough

first_imgSign up for DS News Daily in Daily Dose, Featured, Foreclosure, News Servicers Navigate the Post-Pandemic World 2 days ago Servicers Navigate the Post-Pandemic World 2 days ago Related Articles How New York’s Foreclosure Rates Compare by Borough Demand Propels Home Prices Upward 2 days ago Data Provider Black Knight to Acquire Top of Mind 2 days ago Data Provider Black Knight to Acquire Top of Mind 2 days ago Tagged with: Foreclosure Homes New York propertyshark Previous: The State of the Economy and Housing Next: Is the Housing Market Prepared for the Next Crisis? About Author: Staff Writer Since 2018 began, first-time foreclosures in New York City have consistently declined, and the third quarter has only seen this trend extend, according to a report by PropertyShark. Foreclosures in the city’s five boroughs are down overall 17 percent year-over-year, or 19 percent if one calculates from one quarter to the next. This is a noticeable drop, with 716 unique cases reported this quarter—the first-time foreclosures in the city have fallen below 800 for the first time since the first quarter of 2017. Citywide, pre-foreclosures dropped 36 percent year-over-year, or 15 percent if one calculates quarter-over-quarter.The report reveals that certain parts of the city witnessed the number of foreclosures drop significantly more than others, and a couple of major neighborhoods even saw their foreclosure rates stagnate. Of all the New York boroughs, Queens was the only one that saw an increase in foreclosures year-over-year. But this increase is slight—at just 5 percent— and can be interpreted as leveling off since, quarter-over-quarter, the neighborhood still saw a 15 percent contraction, the report said. Brooklyn meanwhile saw its number of first-time foreclosures barely budge, dropping just 1 percent year-over-year but still falling a full 10 percent since Q2.The other three boroughs, however, saw their number of foreclosures drop dramatically this quarter, the report indicated. The largest dip was seen in Manhattan, where just 22 properties foreclosed on marks an impressive 44 percent decrease. This breaks a record for lowest number of foreclosures in Manhattan since the first quarter of 2014.  The Bronx saw the second largest decline in foreclosures at 43 percent year-over-year, though there was an increase of 10 percent since last quarter. Staten Island also saw a very sharp decline in foreclosures, a total 40 percent year-over-year or—even more striking—67 percent if one calculates quarter-over-quarter. The Week Ahead: Nearing the Forbearance Exit 2 days ago Share Save The Best Markets For Residential Property Investors 2 days ago Home / Daily Dose / How New York’s Foreclosure Rates Compare by Borough The Best Markets For Residential Property Investors 2 days ago Governmental Measures Target Expanded Access to Affordable Housing 2 days ago Foreclosure Homes New York propertyshark 2018-10-08 Radhika Ojha Demand Propels Home Prices Upward 2 days ago  Print This Post Governmental Measures Target Expanded Access to Affordable Housing 2 days ago October 8, 2018 1,979 Views Subscribelast_img read more

Resort-style Gold Coast house a hidden treasure with its own flying fox

first_img MORE NEWS: Imagine living in a house that starred in a TV show The property has had an impressive two-year renovation. The Osman’s transformed it into the ultimate family entertainer.Owner Priscilla Osman, who lives at the house with her husband and their four children, said they had just finished a two-year renovation where nothing was left untouched. “We fully renovated the house to make it suit our requirements, we are big entertainers,” she said. “The hub of the home is the kitchen island bench where everyone gathers. “The pool is like an extension of the house, right in front of the kitchen so it’s great to watch the children having a fantastic time.” The tranquil bushland forms an picturesque backdrop. Video Player is loading.Play VideoPlayNext playlist itemMuteCurrent Time 0:00/Duration 0:51Loaded: 0%Stream Type LIVESeek to live, currently playing liveLIVERemaining Time -0:51 Playback Rate1xChaptersChaptersDescriptionsdescriptions off, selectedCaptionscaptions settings, opens captions settings dialogcaptions off, selectedQuality Levels720p720pHD576p576p432p432p270p270pAutoA, selectedAudio Tracken (Main), selectedFullscreenThis is a modal window.Beginning of dialog window. Escape will cancel and close the window.TextColorWhiteBlackRedGreenBlueYellowMagentaCyanTransparencyOpaqueSemi-TransparentBackgroundColorBlackWhiteRedGreenBlueYellowMagentaCyanTransparencyOpaqueSemi-TransparentTransparentWindowColorBlackWhiteRedGreenBlueYellowMagentaCyanTransparencyTransparentSemi-TransparentOpaqueFont Size50%75%100%125%150%175%200%300%400%Text Edge StyleNoneRaisedDepressedUniformDropshadowFont FamilyProportional Sans-SerifMonospace Sans-SerifProportional SerifMonospace SerifCasualScriptSmall CapsReset restore all settings to the default valuesDoneClose Modal DialogEnd of dialog window.This is a modal window. This modal can be closed by pressing the Escape key or activating the close button.Close Modal DialogThis is a modal window. This modal can be closed by pressing the Escape key or activating the close button.PlayMuteCurrent Time 0:00/Duration 0:00Loaded: 0%Stream Type LIVESeek to live, currently playing liveLIVERemaining Time -0:00 Playback Rate1xFullscreenStarting your hunt for a dream home00:51 There’s plenty of fun to be had at 18 Camphorlaurel Court, Tallebudgera Valley.FAMILIES will be zipping into a fun-filled adventure at this hidden Gold Coast treasure. The stylish Tallebudgera Valley house is a haven of fun thanks to is bushland setting and impressive backyard.There’s a resort-style infinity pool with adjoining deck that has outlooks of the tranquil surrounds, plus a creek that runs through the back of the property and a firepit nearby to get the camping experience without leaving the comfort of your own home.To top it all off, there’s a flying fox that will zip its riders over the creek to the back of the property. MORE NEWS: Coast’s most popular house revealedcenter_img Ms Osman said the five-bedroom house was the ultimate family home. More from news02:37International architect Desmond Brooks selling luxury beach villa9 hours ago02:37Gold Coast property: Sovereign Islands mega mansion hits market with $16m price tag1 day ago“Our house is all about family,” she said. “From the moment I stepped onto the land, I instantly fell in love with it, it had a nice spiritual vibe. “The artwork is the trees and children playing, you can see them from every part if the home.” The house has five-bedrooms and three bathrooms.She said the best part of the property was it got the kids outside in nature, whether they were climbing trees, fishing in the creek, yabbying, catching eels, swimming or looking at the fireflies down in the bushland.“We are leaving because our boys have become surf fanatics and we have decided to move closer to the beach because of their passion for surfing,” Ms Osman said. “It’s really sad to leave because we love this house.” The property at 18 Camphorlaurel Court is on the market through LJ Hooker Burleigh Heads agents John Fischer and Danny O’Donnell with an expressions of interest campaign.last_img read more

Governor Reynolds tours downtown Mason City to see recent accomplishments

first_imgMASON CITY — Governor Kim Reynolds and Lt. Governor Adam Gregg met with members of Main Street Mason City late Thursday afternoon, talking about the Empower Rural Iowa Initiative as well as touring the downtown area to see recent accomplishments and future goals of the downtown area.Reynolds says from the new businesses in Southbridge Mall, the new Multi-Purpose Arena, and the renovations downtown, it’s exciting to see what’s happening in Mason City.   “Impressive, exciting, I love the passion. I love the redevelopment that you’re seeing to the mall and how they’re thinking outside of the box and being innovative about bringing people downtown. The ice arena is phenomenal, it’s just incredible to see the young kids out there, and really the opportunity to through the tournaments to bring a lot of families and communities to Mason City, and that gives you an opportunity to showcase the great things that are happening here.” Reynolds says she talked with Main Street Mason City board members about ways to create more housing opportunities.   “How we can continue to look for opportunities to incentivize upper housing development, to take a look at these old buildings that we have that have so much character and they’re structurally sound, and how can we make sure that we’re renovating and rehabilitating them, and finding ways that we can do that that makes it cost effective for business owners to go in there and use the existing facility.” Reynolds says the state needs to take a closer look to make sure economic development programs are meeting their goals and expectations.  “A lot of times it’s taking existing programs that we have like the Challenge Grant and maybe providing a little bit more flexibility. So are we too narrow in what we’re using those grants for, and is there an opportunity moving forward to change them up just a little bit and provide some more flexibility that can really meet the needs of people that are willing to invest.”Reynolds made her comments to KGLO News shortly after talking to members of the Mohawk high school hockey team as they were holding practice at the Mason City Multi-Purpose Arena.last_img read more