The Bronx Remains Least Active Foreclosure Market In NYC, Despite 74% YOY Increase

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Published on July 03, 2024, 2:32 pm
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The NYC foreclosure market has been slow to recover post-moratorium: Year-over-year, NYC foreclosures have stagnated, showing only a minimal 1% increase in Q2 2024 — just 5 more than during the same period last year. As of Q2 2024, foreclosure levels are only at 53% of those in Q1 2020, the last quarter before CoViD-19 shutdowns. 

Meanwhile, despite a 74% year-over-year increase (or 14 cases), the Bronx remains the least active foreclosure market in NYC. It accounted for just 9% of the city’s 366 first-time foreclosures in Q2 2024, with 33 cases. 

Key Takeaways: 

  • The highest concentration of Bronx foreclosures — a total of 6 cases —was in zip code 10462, covering parts of Bronxdale, Parkchester and Van Nest
  • Although the Bronx logged an 82% rise in pre-foreclosures Q-o-Q, that translated to a minor increase from 11 to 20 first-time filings, remaining the least active pre-foreclosure market in the city 

more insights and market-specific data, check out our full report here.

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Jonas Bronck is the pseudonym under which we publish and manage the content and operations of The Bronx Daily.™ | Bronx.com - the largest daily news publication in the borough of "the" Bronx with over 1.5 million annual readers. Publishing under the alias Jonas Bronck is our humble way of paying tribute to the person, whose name lives on in the name of our beloved borough.