Foreclosure is not at crisis status on Staten Island says James Prendamano, Manging Director for Casandra Properties
Even though New York State’s housing market is still plagued by high levels of foreclosure activity, realtors on Staten Island say that the crisis has missed the borough mainly due to the renaissance of the North Shore waterfront.
With Projects such as Empire Outlets and URL at Navy Pier, both represented by Casandra Properties, clearly underway, home values on the North Shore are climbing because more people want to liver there.
Last week, State Comptroller Thomas P. DiNapoli released a report that concluded foreclosure filings across the state remain significantly higher than pre-recession levels.
“The foreclosure crisis is…