Businessweek Archives

Foreclosures: Miami vs. NYC


Miami has nightclubs, tall buildings, and sandy Atlantic beaches. New York City, ditto. (Pictured: New York’s Coney Island.) What does Miami have that New York doesn’t have? Foreclosures!

According to a report today from PropertyShark.com, the rate of foreclosures per household in the third quarter was 852% higher in Miami than in New York City.


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