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Foreclosures Decrease, But Florida Still Suffers Highest Rate in Nation

Business Insider
July 12Home in foreclosure

Bolstered by a strengthening economy and lower home prices the country’s housing market is recovering steadily. Completed foreclosures and shadow inventory have both declined by about thirty percent and delinquent mortgages are at the lowest amount in four years. Florida’s housing market however, had over 100,000 completed foreclosures and almost nine percent foreclosure inventory, making it the hardest hit state in the nation, with California, Michigan, Texas and Georgia trailing behind it. More…


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