The number of city homes on the foreclosure auction block surged dramatically in the first quarter of 2008, a report released Tuesday revealed.
Queens sees biggest jump in city housing foreclosure auctions
The biggest jump was in Queens, where the number of foreclosure auctions was 90% higher than the last quarter of 2007, according to PropertyShark.com, a real estate Web site.
"While Manhattan foreclosures are almost nonexistent, Queens has single-handedly taken New York City foreclosure levels to new heights," said PropertyShark's Ashleigh Rose Clark.
Citywide, foreclosure auctions were set for 918 homes in the first quarter of 2008, a 52% jump over the 606 homes put up for auction in the fourth quarter of 2007.
The city has 3 million households.