The Real Deal New York

New foreclosure battleground in Queens

While distressed homes still more plentiful in low-income areas, middle-class communities see spike now, too

January 26, 2010 02:10PM
By Sarah Ryley

126-32 144th Street
126-32 144th Street

From the January issue: Queens has been called the “Ground Zero” of the New York foreclosure crisis, with the most filings citywide for the past three years.
But while areas like Jamaica and Queens Village have garnered the most attention because of the devastation they’ve endured due to the sheer number of foreclosures there, the community districts that have seen the greatest increase in foreclosure filings are some of the borough’s more well-off areas. The two solidly middle-class community districts that include Fresh Meadows, Hillcrest, Sunnyside and Woodside saw the greatest spike in the average number of foreclosure filings per quarter, at 64 percent during the first three quarters of last year. In contrast, Jamaica and Queens Village saw increases of 17 percent and 32 percent, respectively.  [more]

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