Foreclosures Still High in Florida

Even though Florida dominates the list of Top Turnaround Cities due to less homes for sales and higher home prices in general, the local Jacksonville moving specialists found out foreclosures are not over. The latest data shows that foreclosures still continue to be highest in the state of Florida. 8 out of 10 cities have the highest rate of serious loan delinquency and 9 out of 10 have the highest foreclosure rate. More specifically, Miami-Fort Lauderdale has an 18.9% foreclosure rate, Port St.Lucie has 16.7% and Orlando-Kissimmee has 15.6%.

The Center for Housing Policy, the Urban Institute and the Local Initiatives Support Corp. just reported that the serious delinquency rate increased from 9.2% (dating back to June 2011) to 9.7% (December 2011). These numbers affect the real estate market in 100 metro areas. The local Jacksonville moving specialists found out that these numbers are actualy down from 10.5% in December 2009. The foreclosure-Response.org says loans that the number of loans over three months past due is still stable, more specifically at 3.8%. Homes in foreclosure are still rising, with a 5.9% increase.

If you're purchasing a foreclosure, call the local Jacksonville moving specialists for professional moving services at an affordable price. We'll quilt pad wrap your furniture and safely transport all of your household items. Our reliable movers are part of the All My Sons moving team, with moving offices across the nation, so you have nothing to worry about.