Foreclosures Way Down in Manhattan

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The current number of first-time home auctions in Manhattan is down 25 percent from this quarter last year, and down 55 percent from the most recent quarter. This is good, as it is now less likely that one of your friends will have one of those soul-crushing "I found the most amazing real estate buy in Manhattan" stories. Also, fewer people are losing their homes. [PropertyShark via Curbed]