Well I know many of you will be mad at me for the Headline but DS news just posted info from Black Knight on Non-current Mortgages, with Florida coming in at 47th place, values are going to be in question: DS News reached out to Black Knight for a comment on Florida’s improving non-current rates prior to Hurricane Irma: “Florida had the highest non-current mortgage rates of any state for almost five full years–from September 2008 through August 2013. The state’s solid improvement in the years since has helped it climb from number 50 among all states ranked by lowest share of past due mortgages to 28th. In the wake of Irma, Florida has seen–thus far–a 47 percent jump in its non-current rate, dropping it all the way back to 47th place. The rise in Florida’s non-current rate is likely to continue in October.”
The fall out has just begun, and this seasons Winter Visitors will be flocking elsewhere, I predict it will be Arizona, where the only bad weather here is the heat and a good swim in the pool or one of our beautiful lakes will fix that. It is very sad that so many have suffered in Florida and I feel for them, but if you are going to pick a great retirement area, Arizona is far more stable in values, and weather.
See what your can get at: www.SuperstarsRealtyGroup.com
you can find the full artical here: http://www.dsnews.com/daily-dose/10-19-2017/firstincreaseinsevenyears