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Foreclosure activity continues to rise locally
July 29, 2010 - TAMPA - Nine of the nation's top 20 metro foreclosure rates are in
Florida, with the Tampa area rounding out the list.
The Tampa-St. Petersburg-Clearwater area had 35,835 foreclosures during the first
six months of the year, up 6 percent from the previous six months, according to
California-based RealtyTrac.
That means one in every 33 households, or 3 percent of the homes, received a
foreclosure filing during that time. The filings include default notices, auction
notices or bank repossessions.
"While we're seeing early signs that foreclosure activity may have peaked in some
of the hardest-hit markets, foreclosures continue to rise in three-quarters of the
nation's metropolitan areas," said James J. Saccacio, chief executive officer of
RealtyTrac.
Florida, California, Nevada and Arizona accounted for all top 20 metro foreclosure
rates. Florida dominated the list.
Other Florida metros in the top 20 were:
Cape Coral-Fort Myers, No.2; Orlando-Kissimmee, No. 8;
Miami-Ft.Lauderdale-Pompano Beach, No. 10; Naples-Marco Island, No. 13;
Deltona-Daytona Beach-Ormond Beach, No. 15; Port St. Lucie, No. 16; Lakeland,
No. 17; Palm Bay-Melbourne-Titusville, No. 18.
Nationwide, 75 percent of the 206 metros tracked posted more foreclosures during
the first half of the year than during the same period last year.
Las Vegas led the list, with 53,525 filings from January through June. That's more
than any other metro area, however, foreclosures are down 9 percent from last year,
and down 15 percent from the previous six months.
Likewise, even though Cape Coral-Fort Myers posted the second-highest rate in the
nation, filings decreased 30 percent from last year and 22 percent from the last half
of 2009.