New York City

Concentrated Foreclosure Activity and Distressed Properties in New York City

September 20, 2019 // 0 Comments

Kristin L. Perkins | Since the mid-2000s millions of Americans have had personal experiences with foreclosure. Both homeowners and renters were affected by the surge in foreclosures over the last decade and neighborhoods of all types nationwide were exposed to risky mortgage lending, foreclosure sales, and vacant properties. Many studies have shown that foreclosures have negative effects on individuals and neighborhoods. Much of this research has focused on the effects of foreclosures on sales prices of neighboring homes and on neighborhood conditions like crime and neglected and poorly maintained properties. Read More