nevada: Florida Remains in Top 20 Markets with Highest foreclosure Rates
- 01/29/10 03:18 AM
Florida and California cities accounted for 17 of the top 20 cities with housing facing foreclosures in the US. Unemployment is now creeping up as a primary reason that these numbers are increasing and the forecloses have now shifted away from speculators who are turning over properties to banks to primary homeowners who can no longer keep up with monthly housing costs. It is now widely believed that we are entering a new wave of foreclosures that will be driven by pure economic hardships and unemployment than what initiated it, otherwise known as subprime loans that started the downfall in 2007. Las Vegas remains … (2 comments)
Florida and California cities accounted for 17 of the top 20 cities with housing facing foreclosures in the US. Unemployment is now creeping up as a primary reason that these numbers are increasing and the forecloses have now shifted away from speculators who are turning over properties to banks to primary homeowners who can no longer keep up with monthly housing costs.
;)
;)
