The Three Headlines in Real Estate Foreclosure you Missed Last Week
Mon Jul 20, 2015 by Oppenheim Law on Florida Law News
1. Foreclosures Lowest Level Since 2006
Last week Realty Trac released data showing that foreclosure filings are at their lowest level since 2006. “U.S. foreclosure starts have not only returned to pre-housing crisis levels, they have fallen well below those pre-crisis levels and are still searching for a floor, down 4 percent from a year ago.”
2. Good News for Florida
The report also stated that, “Florida foreclosure activity in the first half of 2015 decreased 22 percent from a year ago, but the state still posted the nation’s highest foreclosure rate: 1.06 percent of housing units (one in every 95) with a foreclosure filing during the six-month period.”
3. South Florida 6th-Worst for Foreclosures
Additionally, “South Florida 6th-worst for foreclosures in first half 2015” according to Realty Trac.
So you tell me, is the glass half full or half empty? Are you an optimist or pessimist when it comes to the Florida real estate market?
In The Trenches,
Roy Oppenheim
Oppenheim Law
