Foreclosures keep going up in Florida
Florida Housing Crash, Real Estate August 22nd, 2009
The housing crash in Florida is getting worse. According to the Miami Herald:
As home prices fell and the job picture worsened, the percentage of Florida home loans either past due or in foreclosure hit 23 percent in the second quarter, outpacing any other state in the nation.
The figure represents 807,000 loans, a staggering sum of the roughly 3.5 million mortgages outstanding in Florida.
