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We recently released the January Foreclosure report for NYC, Los Angeles, Miami, and Seattle, and here are the findings:

  • New Los Angeles foreclosures down 49% from December 2008 and down 33% from January 2008: New foreclosures in Los Angeles recorded a significant decrease in January 2009 (2,605), down 49% compared to December 2008 (5,104) and down 33% compared to January 2008 (3,881).
  • New Miami foreclosures up 58% from December 2008, reaching a two-year peak in January 2009: The number of new foreclosures reached a two-year peak in Miami in January 2009, with the current number (1,188) 49% higher than one year ago (795). Compared to the previous month (750), the number of new foreclosures increased by 58%.
  • New York City foreclosures up 64% from December 2008 and up 5% from January 2008: New foreclosures in New York City (all five boroughs) increased 64% from December 2008 (170) and were up 5% from January 2008 (266).
  • New Seattle foreclosures (104) spiked 300% from December 2008: There were 104 new foreclosures in Seattle in January 2009. The current number was up 300% from December 2008, but was down 42% compared to January 2008.
Roxana Baiceanu

Roxana Baiceanu

Roxana is an associate editor with Multi-Housing News and Commercial Property Executive. In the past, she also created content for PropertyShark and Point2Homes’ blog pages. She also has 5 years of experience as a marketing copywriter.