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, the rate of foreclosures per household in the third quarter was 852% higher in Miami than in New York City.

Before it's here, it's on the Bloomberg Terminal.