Foreclosures Still High in Florida
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TALLAHASSE, FL-RealtyTrac Inc. has reported that there was an increase of 11% in the foreclosure rate in South Florida in the first half of 2010 (1H10) when compared to that of 1H09. Although in comparison to 2H09 there was an 8% decline. About 94,466 properties were issued foreclosure filings in the metro area in 1H10.
In the Cape Coral-Fort Myers metro area, the foreclosure rate dropped 30% when compared to 1H09 and in comparison to 2H09 it fell 22%. For the full story, go to Houston Business Journal.
Categories: Southeast, Residential, Capital Markets, Analysis, Florida
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