Foreclosures are soaring in the Bronx. Here's what's driving the spike.
Summary
New foreclosure filings fell across New York City in the second quarter, but they nearly doubled in the Bronx, making the borough a sharp exception to the citywide trend.
The Bronx is now absorbing a disproportionate share of the city's foreclosure pressure, signaling localized
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A borough-level foreclosure spike can accelerate displacement even when citywide housing indicators appear to improve.