Metro Syracuse 99th in Foreclosures (New York, Buffalo: real estate market, mortgages, prices)

[bellafinzi]

of the 100 largest U.S. metros......

Top 10 Metros with the Highest Foreclosures
1 DETROIT/LIVONIA/DEARBORN, MI 72,616 41,273 4.918 68.15
2 STOCKTON, CA 22,184 10,608 4.866 271.3
3 LAS VEGAS/PARADISE, NV 59,983 30,375 4.228 169.11
4 RIVERSIDE/SAN BERNARDINO, CA 102,506 51,739 3.826 186.14
5 SACRAMENTO, CA 49,532 23,772 3.189 272.54
6 CLEVELAND/LORAIN/ELYRIA/MENTOR, OH 49,071 27,848 2.972 112.43
7 BAKERSFIELD, CA 13,682 7,524 2.96 244.82
8 MIAMI, FL 51,662 25,296 2.724 106.13
9 DENVER/AURORA, CO 49,519 26,632 2.641 27.79
10 FORT LAUDERDALE, FL 45,367 20,801 2.632 110.05

Upstate New York Metros:

63 ROCHESTER, NY 3,903 3,404 0.776 126.78
82 BUFFALO/CHEEKTOWAGA/TONAWANDA, NY 3,850 2,210 0.426 113.53
94 ALBANY/SCHENECTADY/TROY, NY 1,617 960 0.256 638.46
99 SYRACUSE, NY 935 364 0.128 128.93

Detroit foreclosures highest in the nation - Feb. 13, 2008

[jecker1970]

I guess that's one benefit of not really getting caught up in the big housing boom... we in turn also missed out on the big crash. This area doesn't really swing too wildly in the real estate market.

[Cruz Azul Guy]

I think some of that has to do with the fact that housing is so cheap in Syracuse, which goes back to demand.

[bellafinzi]

CNY housing market escapes crisis. It wasn't overheated to begin with, so there's less danger of a meltdown.
Saturday, March 15, 2008

What housing slump?

Many other markets, including Syracuse, did not experience huge run-ups in prices, never bothered with subprime mortgages and are not seeing price declines or rising foreclosures now, they said.

"The big declines are all about these super-overheated markets in California, Florida and Las Vegas,"

Syracuse.com