Half of the single-family mortgages in South Florida are “underwater”
Florida Housing Crash, The Economy, Real Estate August 11th, 2009
This from the Sun Sentinel:
Nearly half of the single-family mortgage holders in South Florida owe more than their houses are worth, a worrisome reminder of the region’s 3 1/2-year housing slump.
In Palm Beach, Broward and Miami-Dade counties, 47 percent of the 837,177 single-family home mortgages are “underwater,” according to a second-quarter report released today by Zillow.com, a real estate company that compiles data from public property records.
