Several Florida metro areas led the pack when it came to short sales of homes in April. Orlando, Lakeland, Tampa, and Palm Bay had the highest rates of short sales in the nation, according to the research firm RealtyTrac.
There’s good news and bad news for the state when it comes to foreclosures. The bad news: in April Florida led the nation with the highest number of foreclosures.
When it comes to buying a house or condo in Florida, cash is king. Almost two-thirds of Florida housing sales in the first quarter of this year were done in cash, according to the study by the research firm, RealtyTrac.
Nearly a third of all homeowners in Florida are seriously underwater. According to a new report released by RealtyTrac 31 percent of homes in Florida were underwater in the first quarter.
Florida has the nation’s second-highest rate of residential properties that were deeply underwater last month according to a new report.
If you want to buy property in the state of Florida, there’s one thing that you need to get it done: cold, hard cash.
The real estate market is heating up these days as distressed properties that were foreclosed on or abandoned in recent years are making their way back to the market. But home buyers need to beware when considering a “flipped” home.
Sales of foreclosured properties skyrocketed in the third quarter of 2012, new data reveals.
Foreclosures have crippled the South Florida home market since the Great Recession hit and while the rest of the nation has started to show improvement, Florida continues to struggle to recover from the worst economic collapse since the Great Depression.
The foreclosure crisis crippled South Florida and created a backlog in the court system; and even though the overall economy is improving, the housing market remains in limbo.