Catherine Curan, NY Post

Manhattan’s residential real-estate scene is roaring back — but don’t look across the river.

The shadow of the foreclosure crisis is fading fast in tony enclaves like the Upper East Side, where home prices spiked 36 percent in the first quarter. Manhattan sales prices just logged the biggest single-year gain since 2008, vaulting 17 percent in the first quarter from the year-ago period, according to data tracker StreetEasy.

The five big banks — Wells Fargo, Bank of America, JPMorgan Chase, Ally/GMAC and Citi — that settled with the federal government and 49 state attorneys general in 2012 over allegations of foreclosure abuses have seemingly put these woes behind them, too. Most are racking up strong profits.

Read more here

Write A Comment

Your email address will not be published.

This site uses Akismet to reduce spam. Learn how your comment data is processed.

Ready to get started?

Speak to a specialist at (888) 737-6344