{"id":25682,"date":"2017-02-16T12:13:36","date_gmt":"2017-02-16T16:13:36","guid":{"rendered":"https:\/\/www.propertyshark.com\/Real-Estate-Reports\/?p=25682"},"modified":"2025-05-22T11:16:17","modified_gmt":"2025-05-22T08:16:17","slug":"brooklyns-contrasting-faces-foreclosures-climb-east-home-price-gaps-deepen","status":"publish","type":"post","link":"https:\/\/www.propertyshark.com\/Real-Estate-Reports\/2017\/02\/16\/brooklyn-foreclosures-climb-in-the-east-and-home-price-gaps-deepen\/","title":{"rendered":"Brooklyn: Foreclosures Climb in the East and Home Price Gaps Deepen"},"content":{"rendered":"<p>Among headlines that\u00a0crown\u00a0Brooklyn as one of the most expensive real estate markets in the US and that announce record-breaking sales of luxury properties, PropertyShark\u2019s 2016 foreclosure report revealed quite an intriguing trend: <strong>the number of new foreclosures in the borough has been steadily climbing for the past 5 years. <\/strong><\/p>\n<p>We decided to investigate further and see where this spike in new cases comes from. The numbers show that the source of the rising number of new foreclosures is not the Brooklyn of pricey brownstones or luxurious new condo developments. It\u2019s in the eastern part\u00a0that more home owners struggle to pay back their mortgages.<a href=\"https:\/\/www.propertyshark.com\/Real-Estate-Reports\/wp-content\/uploads\/sites\/98\/2017\/02\/Brooklyn-forcs-2012-vs-2016.png\"><br \/>\n<\/a><\/p>\n<p><strong>In order to further check what is happening in the borough,\u00a0<\/strong>we did not stop at checking only foreclosure numbers. We also took into account median sale prices and income stats at ZIP\u00a0code level to illustrate the stark gap in the borough\u2019s real estate market, especially between the northwest and the eastern parts.<\/p>\n<h3><span class=\"ez-toc-section\" id=\"Key_takeaways\"><\/span>Key takeaways<span class=\"ez-toc-section-end\"><\/span><\/h3>\n<ul>\n<li>Looking at home prices, foreclosure stats, and income, we discovered that<strong>\u00a0<\/strong>the western\u00a0half sees high home prices and little to no foreclosure activity, while the eastern half is affected\u00a0by higher foreclosure rates and home prices well below the borough\u2019s median<\/li>\n<li>The number of <a href=\"https:\/\/www.propertyshark.com\/mason\/NY\/Brooklyn\/Foreclosures\" target=\"_blank\" rel=\"noopener\">new foreclosures in Brooklyn<\/a> kept climbing over\u00a0the past 5 years but unevenly across the borough \u2013 <strong>5 ZIP codes in the eastern half are the source of 208 of 417 total cases<\/strong><\/li>\n<li>Home prices show a gap that is deepening between the top and bottom areas: in\u00a02012, the price gap was around $500,000 but as the least expensive areas in the eastern part failed to keep up, <strong>the gap only increased, now hitting $700,000<\/strong><\/li>\n<li>Increases in median home prices in the past 5 years reveal another trend: the wave of gentrification has been spreading in Brooklyn towards Bushwick, Bed-Stuy and Prospect-Lefferts Gardens<\/li>\n<li>Wealthy renters have taken over Brooklyn \u2013 renter households earning over $150k per year increased 324% since 2011 \u2013 however this increase is unequally distributed, most of them having moved\u00a0into\u00a0the northwest<\/li>\n<\/ul>\n<h3><span class=\"ez-toc-section\" id=\"Eastern_Brooklyn_fuels_the_spike_in_foreclosures\"><\/span>Eastern Brooklyn fuels the spike in foreclosures<span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p><strong>In 2016, 417 homes in the borough were scheduled for auction for the first time, compared to 176 in 2012.<\/strong> Plus, 3,681 homeowners received a notice of pre-foreclosure in 2016, mostly concentrated in the eastern part of the borough as our <a href=\"https:\/\/www.propertyshark.com\/mason\/ny\/New-York-City\/Maps?map=nyc2&x=0.5328571428571427&y=0.62&zoom=2&basemap=default&overlay=lispendens&tab=themes&ll=40.6572972368696,-73.9428841512393\">pre-foreclosure map<\/a> shows.<\/p>\n<p>We\u2019ve created a new map that tracks the changes in number of new foreclosures. \u00a0Some areas have seen little to no increase while others are flooded with new cases. <strong>It turns out that just 5 ZIP\u00a0codes in Brooklyn\u2019s eastern part covering <a href=\"https:\/\/www.propertyshark.com\/mason\/NY\/Canarsie\/Foreclosures\" rel=\"noopener\" target=\"_blank\">Canarsie<\/a>, <a href=\"https:\/\/www.propertyshark.com\/mason\/NY\/Flatlands\/Foreclosures\" rel=\"noopener\" target=\"_blank\">Flatlands<\/a>, East NY and East <a href=\"https:\/\/www.propertyshark.com\/mason\/NY\/Flatbush\/Foreclosures\" rel=\"noopener\" target=\"_blank\">Flatbush<\/a> are the source of 208 of the total 417 new cases.<\/strong><\/p>\n<p><em>Click on the image to access an <a href=\"https:\/\/www.propertyshark.com\/mason\/ny\/New-York-City\/Maps?map=nyc2&x=0.5980952380952381&y=0.6614285714285715&zoom=2&basemap=brooklynforcschange&tab=themes&ll=40.6379972028961,-73.9030599586971\" target=\"_blank\" rel=\"noopener\">interactive map that tracks changes in numbers of first-time foreclosures<\/a>\u00a0\u2013\u00a0 Zoom in on the map to check detailed stats for each ZIP.<\/em><\/p>\n<p><a href=\"https:\/\/www.propertyshark.com\/mason\/ny\/New-York-City\/Maps?map=nyc2&x=0.5671428571428572&y=0.6480952380952381&zoom=2&basemap=brooklynforcschange&tab=themes&ll=40.6442145049684,-73.921955216735\" target=\"_blank\" rel=\"noopener\"><img loading=\"lazy\" decoding=\"async\" class=\"aligncenter wp-image-25838 size-full\" src=\"https:\/\/www.propertyshark.com\/Real-Estate-Reports\/wp-content\/uploads\/sites\/98\/2017\/02\/Brooklyn-forclosures-2012-vs-2016.png\" width=\"750\" height=\"854\" srcset=\"https:\/\/www.propertyshark.com\/Real-Estate-Reports\/wp-content\/uploads\/sites\/98\/2017\/02\/Brooklyn-forclosures-2012-vs-2016.png 750w, https:\/\/www.propertyshark.com\/Real-Estate-Reports\/wp-content\/uploads\/sites\/98\/2017\/02\/Brooklyn-forclosures-2012-vs-2016.png?resize=263,300 263w\" sizes=\"auto, (max-width: 750px) 100vw, 750px\" \/><\/a><\/p>\n<p>Canarsie (ZIP code 11236) had the highest number of auctions scheduled in all of Brooklyn as 52 homes were foreclosed in 2016, followed by East New York (ZIP code 11207) with 47 cases. Looking back to 2012, 11236 had only 4 homes scheduled for auction while 11207 recorded 5 auctions.<\/p>\n<p><strong>Income stats for owner-occupied households also help expose the same contrasts\u00a0in Brooklyn\u2019s housing market<\/strong> as the ZIP codes with the highest number of new foreclosures also have the biggest numbers of households with an income of under $50,000. For example, looking at income in the top ZIP code by increase in number of foreclosures scheduled, it turns out that in 11236 there are 4,318 owner households with a median yearly income under $50,000 and the median income per owner household went down $1,238 since 2011. Compare this to the evolution of income in ZIP 11231 (the most expensive in the borough, covering Carroll Gardens and Red Hook) where income went up $31,239 since 2011 and no first-time foreclosures were scheduled in 2016.<\/p>\n<p><strong>Here are Brooklyn\u2019s top ZIP codes by number of first-time auctions scheduled in 2016:<\/strong><\/p>\n<p><a href=\"https:\/\/www.propertyshark.com\/Real-Estate-Reports\/wp-content\/uploads\/sites\/98\/2017\/02\/Brooklyn-foreclosures-2016.png\"><img loading=\"lazy\" decoding=\"async\" class=\"aligncenter wp-image-25832 size-full\" src=\"https:\/\/www.propertyshark.com\/Real-Estate-Reports\/wp-content\/uploads\/sites\/98\/2017\/02\/Brooklyn-foreclosures-2016.png\" width=\"750\" height=\"330\" srcset=\"https:\/\/www.propertyshark.com\/Real-Estate-Reports\/wp-content\/uploads\/sites\/98\/2017\/02\/Brooklyn-foreclosures-2016.png 750w, https:\/\/www.propertyshark.com\/Real-Estate-Reports\/wp-content\/uploads\/sites\/98\/2017\/02\/Brooklyn-foreclosures-2016.png?resize=300,132 300w\" sizes=\"auto, (max-width: 750px) 100vw, 750px\" \/><\/a><\/p>\n<h3><span class=\"ez-toc-section\" id=\"Home_price_discrepancies_across_Brooklyn_tell_the_story_of_an_uneven_market_and_the_price_gap_is_deepening\"><\/span>Home price discrepancies across Brooklyn tell the story of an uneven market\u00a0and the price gap is deepening<span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p>In 2016, Brooklyn\u2019s median sale price reached $610,000. However when zooming in on smaller areas within the borough, there\u2019s clearly a fracture between northwestern areas where prices at ZIP code level hover around $1,000,000 and other neighborhoods mostly in the eastern part that have fallen way behind the borough\u2019s median.<b>\u00a0Thus, a gap of around $700,000 exists between the most and least expensive areas of the borough, but what caught our attention is that this gap has actually deepened in the past 5 years and the least expensive areas are falling behind even more instead of catching up.<\/b><\/p>\n<p>We decided to look at the top 3 most expensive areas versus the top 3 least expensive areas in order to capture how the price gap has simply increased in the past 5 years.\u00a0\u00a0For example, even if prices in East New York\u2019s 11207 increased 45% since 2012, that still translates into a modest\u00a0$104,858; meanwhile the similar 44% increase in 11231 translates into a $318,613 growth so the gap is simply deepening between the top and bottom of the market. In 2012 the gap between the two areas was close to $500,000 and now it almost reaches $700,000.<\/p>\n<p>The situation is quite similar when looking at the other ZIP\u00a0codes that represent the market extremes as the price gap increased since 2012.<strong>\u00a0Check out the table below where we calculated the price gaps between the top and bottom of the market:<\/strong><\/p>\n<p><a href=\"https:\/\/www.propertyshark.com\/Real-Estate-Reports\/wp-content\/uploads\/sites\/98\/2017\/02\/Price-gap.png\"><img loading=\"lazy\" decoding=\"async\" class=\"aligncenter wp-image-25833 size-full\" src=\"https:\/\/www.propertyshark.com\/Real-Estate-Reports\/wp-content\/uploads\/sites\/98\/2017\/02\/Price-gap.png\" width=\"750\" height=\"519\" srcset=\"https:\/\/www.propertyshark.com\/Real-Estate-Reports\/wp-content\/uploads\/sites\/98\/2017\/02\/Price-gap.png 750w, https:\/\/www.propertyshark.com\/Real-Estate-Reports\/wp-content\/uploads\/sites\/98\/2017\/02\/Price-gap.png?resize=300,208 300w\" sizes=\"auto, (max-width: 750px) 100vw, 750px\" \/><\/a><\/p>\n<p>Income stats for owner households also show a clear correlation between home prices in a ZIP code and the level of owner income recorded. To exemplify this, let\u2019s take a look again at how the most expensive ZIP in Brooklyn compares to the ZIP at the bottom in terms of median income and owner wealth. In ZIP\u00a0code 11231 the median income reached $145,769 in 2015 and a total of 48% households earn more than $150,000 per year here and there were no new foreclosure scheduled in 2016. At the other end of the spectrum, in East New York\u2019s foreclosure-ridden 11207\u00a0only 9% of owners\u00a0fall into the wealthy category and median income reached $68,237.<\/p>\n<h3><span class=\"ez-toc-section\" id=\"Evolution_of_home_prices_shows_the_wave_of_gentrification_spreading_in_Brooklyn\"><\/span>Evolution of home prices shows the wave of gentrification spreading in Brooklyn<span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p><strong>Our analysis of home prices in Brooklyn revealed another interesting trend, as the areas with the biggest price increases in the past 5 years show how the wave of gentrification has been spreading in the borough.<\/strong><\/p>\n<p>We\u2019ve created a map to help you visualize how the wave of home price increases is advancing. While in some places in Brooklyn home prices are shooting for the sky and the pace in change is accelerated, other areas are barely moving, or even stagnating, allowing for the price gap we previously noted to go up.<\/p>\n<p><em>Click on the image to access an <a href=\"https:\/\/www.propertyshark.com\/mason\/ny\/New-York-City\/Maps?map=nyc2&x=0.5738095238095238&y=0.6385714285714286&zoom=2&basemap=brooklynsalechange&tab=themes&ll=40.6486423241592,-73.9178780740203\" target=\"_blank\" rel=\"noopener\">interactive map that tracks median home price changes<\/a>\u00a0\u2013 Zoom in on the map to check detailed stats for each ZIP.<\/em><\/p>\n<p><a href=\"https:\/\/www.propertyshark.com\/mason\/ny\/New-York-City\/Maps?map=nyc2&x=0.5738095238095238&y=0.6385714285714286&zoom=2&basemap=brooklynsalechange&tab=themes&ll=40.6486423241592,-73.9178780740203\" target=\"_blank\" rel=\"noopener\"><img loading=\"lazy\" decoding=\"async\" class=\"aligncenter wp-image-25839 size-full\" src=\"https:\/\/www.propertyshark.com\/Real-Estate-Reports\/wp-content\/uploads\/sites\/98\/2017\/02\/Brooklyn-price-changes-2012-vs-2016.png\" alt=\"Brooklyn price changes 2012 vs 2016\" width=\"750\" height=\"848\" srcset=\"https:\/\/www.propertyshark.com\/Real-Estate-Reports\/wp-content\/uploads\/sites\/98\/2017\/02\/Brooklyn-price-changes-2012-vs-2016.png 750w, https:\/\/www.propertyshark.com\/Real-Estate-Reports\/wp-content\/uploads\/sites\/98\/2017\/02\/Brooklyn-price-changes-2012-vs-2016.png?resize=265,300 265w\" sizes=\"auto, (max-width: 750px) 100vw, 750px\" \/><\/a><\/p>\n<p>Rapid growth in home prices characterizes Prospect-Lefferts Gardens, Bushwick, and Bed-Stuy as ZIP codes 11225, 11233, and 11221 all increased over 100%. <strong>The star of price hikes in Brooklyn is ZIP code 11225 (Prospect-Lefferts Gardens) where in 2012 the median sale price was $314,340 and it clocked in at $780,000 in 2016 \u2013 that\u2019s a $465,660 increase in only 5 years. <\/strong>While in 2012 this area ranked 27<sup>th<\/sup> among all 37 ZIPs in Brooklyn by sale price, it climbed towards the top over\u00a0the past 5 years and it now ranks 9<sup>th<\/sup> in Brooklyn, an example of an area that actually managed to catch up with the top areas instead of falling behind even more.<\/p>\n<p>Northern Brooklyn continued\u00a0on an ascending trend: in Williamsburg\u2019s 11211\u00a0prices went up 86% since 2012, translating into a $307,500 growth and in Greenpoint\u2019s 11222 prices went up 86%, from $495,500 in 2012 to 923,750 in 2016.<\/p>\n<h3><span class=\"ez-toc-section\" id=\"Affluent_renters_take_over_Brooklyn_infiltrating_from_Northwest_towards_the_center\"><\/span>Affluent renters take over Brooklyn, infiltrating from Northwest towards the center<span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p>If you\u2019re wondering where wealthy renters are moving, our colleagues at RENTCaf\u00e9 ran\u00a0an analysis that tracks the areas with the biggest influx of wealthy renters.\u00a0They\u00a0dug through Census data and discovered that Brooklyn has 52,000 renter households with an income of over $150,000, that\u2019s a steep 324% increase compared to 2011.<\/p>\n<p>The distribution of wealthy renters confirms that the highest numbers are recorded in established neighborhoods like DUMBO, Brooklyn Heights, Park Slope or Cobble Hill. <strong>The biggest influx in the past 5 years may be noticed in other ZIP codes, corresponding to Bed-Stuy, Crown Heights, Bensonhurst, and Bushwick, showing the eastward expansion of wealthy people looking to rent, similar to the path of price increases that we\u2019ve noticed advancing from the northwest.<\/strong> Each of these ZIP\u00a0codes has seen an increase of over 200% in wealthy renters choosing to live there since 2011.<\/p>\n<p>Check out more findings on Brooklyn\u2019s wealthy renters from our colleagues at RENTCaf\u00e9\u00a0<a href=\"https:\/\/www.rentcafe.com\/blog\/rental-market\/brooklyn-ny-wealthy-renters\/\" target=\"_blank\" rel=\"noopener\">here<\/a>.<\/p>\n<hr \/>\n<p>Methodology<\/p>\n<p>When compiling foreclosure stats for each year, we took into account properties scheduled for auction for the first time. They are residential properties that are either single-family or two-family homes, or condo or co-op units.<\/p>\n<p>The median sale prices were calculated based on residential property sales closed between 2012\u00a0and 2016. The residential properties included in the stats are single-family homes, condos and co-ops.<\/p>\n<p>Median income data was extracted from the US Census Bureau 2015 ACS.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Among headlines that\u00a0crown\u00a0Brooklyn as one of the most expensive real estate markets in the US and that announce record-breaking sales of luxury properties, PropertyShark\u2019s 2016 foreclosure report revealed quite an intriguing trend: the number of new foreclosures in the borough has been steadily climbing for the past 5 years. We decided to investigate further and&hellip;<\/p>\n","protected":false},"author":42,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[380,349,8245],"tags":[11171],"class_list":["post-25682","post","type-post","status-publish","format-standard","hentry","category-brooklyn-foreclosures","category-brooklyn-real-estate","category-market-studies","tag-old-study"],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v23.4 (Yoast SEO v24.6) - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>Brooklyn: Foreclosures Climb in the East and Home Price Gaps Deepen - PropertyShark Real Estate Blog<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.propertyshark.com\/Real-Estate-Reports\/2017\/02\/16\/brooklyn-foreclosures-climb-in-the-east-and-home-price-gaps-deepen\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Brooklyn: Foreclosures Climb in the East and Home Price Gaps Deepen\" \/>\n<meta property=\"og:description\" content=\"Among headlines that\u00a0crown\u00a0Brooklyn as one of the most expensive real estate markets in the US and that announce record-breaking sales of luxury properties, PropertyShark\u2019s 2016 foreclosure report revealed quite an intriguing trend: the number of new foreclosures in the borough has been steadily climbing for the past 5 years. We decided to investigate further and&hellip;\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.propertyshark.com\/Real-Estate-Reports\/2017\/02\/16\/brooklyn-foreclosures-climb-in-the-east-and-home-price-gaps-deepen\/\" \/>\n<meta property=\"og:site_name\" content=\"PropertyShark Real Estate Blog\" \/>\n<meta property=\"article:published_time\" content=\"2017-02-16T16:13:36+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2025-05-22T08:16:17+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/www.propertyshark.com\/Real-Estate-Reports\/wp-content\/uploads\/sites\/98\/2017\/02\/Brooklyn-forclosures-2012-vs-2016.png\" \/>\n<meta name=\"author\" content=\"Andra Rus\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"Andra Rus\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"7 minutes\" \/>\n<!-- \/ Yoast SEO Premium plugin. -->","yoast_head_json":{"title":"Brooklyn: Foreclosures Climb in the East and Home Price Gaps Deepen - PropertyShark Real Estate Blog","robots":{"index":"index","follow":"follow","max-snippet":"max-snippet:-1","max-image-preview":"max-image-preview:large","max-video-preview":"max-video-preview:-1"},"canonical":"https:\/\/www.propertyshark.com\/Real-Estate-Reports\/2017\/02\/16\/brooklyn-foreclosures-climb-in-the-east-and-home-price-gaps-deepen\/","og_locale":"en_US","og_type":"article","og_title":"Brooklyn: Foreclosures Climb in the East and Home Price Gaps Deepen","og_description":"Among headlines that\u00a0crown\u00a0Brooklyn as one of the most expensive real estate markets in the US and that announce record-breaking sales of luxury properties, PropertyShark\u2019s 2016 foreclosure report revealed quite an intriguing trend: the number of new foreclosures in the borough has been steadily climbing for the past 5 years. We decided to investigate further and&hellip;","og_url":"https:\/\/www.propertyshark.com\/Real-Estate-Reports\/2017\/02\/16\/brooklyn-foreclosures-climb-in-the-east-and-home-price-gaps-deepen\/","og_site_name":"PropertyShark Real Estate Blog","article_published_time":"2017-02-16T16:13:36+00:00","article_modified_time":"2025-05-22T08:16:17+00:00","og_image":[{"url":"https:\/\/www.propertyshark.com\/Real-Estate-Reports\/wp-content\/uploads\/sites\/98\/2017\/02\/Brooklyn-forclosures-2012-vs-2016.png","type":"","width":"","height":""}],"author":"Andra Rus","twitter_card":"summary_large_image","twitter_misc":{"Written by":"Andra Rus","Est. reading time":"7 minutes"},"schema":{"@context":"https:\/\/schema.org","@graph":[{"@type":"WebPage","@id":"https:\/\/www.propertyshark.com\/Real-Estate-Reports\/2017\/02\/16\/brooklyn-foreclosures-climb-in-the-east-and-home-price-gaps-deepen\/","url":"https:\/\/www.propertyshark.com\/Real-Estate-Reports\/2017\/02\/16\/brooklyn-foreclosures-climb-in-the-east-and-home-price-gaps-deepen\/","name":"Brooklyn: Foreclosures Climb in the East and Home Price Gaps Deepen - PropertyShark Real Estate Blog","isPartOf":{"@id":"https:\/\/www.propertyshark.com\/Real-Estate-Reports\/#website"},"primaryImageOfPage":{"@id":"https:\/\/www.propertyshark.com\/Real-Estate-Reports\/2017\/02\/16\/brooklyn-foreclosures-climb-in-the-east-and-home-price-gaps-deepen\/#primaryimage"},"image":{"@id":"https:\/\/www.propertyshark.com\/Real-Estate-Reports\/2017\/02\/16\/brooklyn-foreclosures-climb-in-the-east-and-home-price-gaps-deepen\/#primaryimage"},"thumbnailUrl":"https:\/\/www.propertyshark.com\/Real-Estate-Reports\/wp-content\/uploads\/sites\/98\/2017\/02\/Brooklyn-forclosures-2012-vs-2016.png","datePublished":"2017-02-16T16:13:36+00:00","dateModified":"2025-05-22T08:16:17+00:00","author":{"@id":"https:\/\/www.propertyshark.com\/Real-Estate-Reports\/#\/schema\/person\/f9bdc53bbe3055e84d11afc0d4e8c377"},"breadcrumb":{"@id":"https:\/\/www.propertyshark.com\/Real-Estate-Reports\/2017\/02\/16\/brooklyn-foreclosures-climb-in-the-east-and-home-price-gaps-deepen\/#breadcrumb"},"inLanguage":"en-US","potentialAction":[{"@type":"ReadAction","target":["https:\/\/www.propertyshark.com\/Real-Estate-Reports\/2017\/02\/16\/brooklyn-foreclosures-climb-in-the-east-and-home-price-gaps-deepen\/"]}]},{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/www.propertyshark.com\/Real-Estate-Reports\/2017\/02\/16\/brooklyn-foreclosures-climb-in-the-east-and-home-price-gaps-deepen\/#primaryimage","url":"https:\/\/www.propertyshark.com\/Real-Estate-Reports\/wp-content\/uploads\/sites\/98\/2017\/02\/Brooklyn-forclosures-2012-vs-2016.png","contentUrl":"https:\/\/www.propertyshark.com\/Real-Estate-Reports\/wp-content\/uploads\/sites\/98\/2017\/02\/Brooklyn-forclosures-2012-vs-2016.png","width":750,"height":854},{"@type":"BreadcrumbList","@id":"https:\/\/www.propertyshark.com\/Real-Estate-Reports\/2017\/02\/16\/brooklyn-foreclosures-climb-in-the-east-and-home-price-gaps-deepen\/#breadcrumb","itemListElement":[{"@type":"ListItem","position":1,"name":"Home","item":"https:\/\/www.propertyshark.com\/Real-Estate-Reports\/"},{"@type":"ListItem","position":2,"name":"Brooklyn: Foreclosures Climb in the East and Home Price Gaps Deepen"}]},{"@type":"WebSite","@id":"https:\/\/www.propertyshark.com\/Real-Estate-Reports\/#website","url":"https:\/\/www.propertyshark.com\/Real-Estate-Reports\/","name":"PropertyShark Real Estate Blog","description":"Market Reports for Real Estate Writers","potentialAction":[{"@type":"SearchAction","target":{"@type":"EntryPoint","urlTemplate":"https:\/\/www.propertyshark.com\/Real-Estate-Reports\/?s={search_term_string}"},"query-input":{"@type":"PropertyValueSpecification","valueRequired":true,"valueName":"search_term_string"}}],"inLanguage":"en-US"},{"@type":"Person","@id":"https:\/\/www.propertyshark.com\/Real-Estate-Reports\/#\/schema\/person\/f9bdc53bbe3055e84d11afc0d4e8c377","name":"Andra Rus","image":{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/www.propertyshark.com\/Real-Estate-Reports\/#\/schema\/person\/image\/","url":"https:\/\/secure.gravatar.com\/avatar\/e6c39b6fefc6330a9294e4a7f06dffdaa2e417ac1d0896afa2eaa74ccaf24372?s=96&d=retro&r=g","contentUrl":"https:\/\/secure.gravatar.com\/avatar\/e6c39b6fefc6330a9294e4a7f06dffdaa2e417ac1d0896afa2eaa74ccaf24372?s=96&d=retro&r=g","caption":"Andra Rus"},"description":"With 10+ years of experience at PropertyShark, Andra covers the latest product updates and market reports for our blog. 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