Thursday, December 10, 2015
When leaving questions or asking for additional information in my "Comments" section here, please leave me your EMAIL ADDRESS or PHONE NUMBER so that I can answer back. You can reach me directly at 239-560-1574 or firstname.lastname@example.org. It would be an honor to work for you as your Realtor. Kind regards, Terence J. Trombetti.
While Florida is still a top five state when it comes to foreclosure rates, its dark mid-2000 past is a distant rear-view image, RealtyTrac’s November market report suggests.
November saw a 15 percent monthly drop in foreclosure starts nationwide. the lowest total starts since May 2006. That falling monthly trend has been the case for close to half of 2015 now, measured on a year-over-year basis, and scheduled auctions are at their lowest levels since 2005.
As banks work through their backlog of old foreclosures, bank repossessions have shot up in the short term, said RealtyTrac VP Daren Blomquist. Repossessions were up 60 percent nationally from a year ago November.
“This also means the share of active foreclosures tied to bubble-era loans is shrinking, with 59 percent of all loans in foreclosure originated between 2004 and 2008,” Blomquist said. “While that is still a disproportionate share of active foreclosures, it continues to decrease from 61 percent earlier this year and 75 percent two years ago,”
Florida completed 6.435 foreclosures in November, the highest of the states, and more than twice as many as the second-highest completer, Texas. Its top five foreclosure state ranking has continued through 2015 -- but at the same time, its starts and other activity indicators continue to decrease. Three Florida cities are top 10 in metro foreclosure rates: Tampa (no. 6) Jacksonville (no. 9) and
Daytona Beach (no. 10).
Land Solutions Market Research Director Doug Meschko said foreclosures in
Southwest Floridahave become "a nonissue."
“Foreclosures were the news of the past four or five years, but they’re no longer the news of the day,” Meschko said. “I’ve been tracking them since 2009, but stopped doing it two or three quarters ago.”
For buyers, it means “the party’s over,” said Meschko. “We’re in a retail market favoring the seller. Appraisals are up because foreclosures aren’t in the mix. It’s a healthy market again.”
Labels: Cape Coral, Cape Coral Homes, Cape Coral Real Estate, Cape Coral Realtors, Florida Real Estate, Fort Myers, Fort Myers Homes, Fort Myers Realtors, Homes in Naples, Naples Condos, Naples Homes, Naples Real Estate, Naples Realtors, Naples Waterfront Homes, Southwest Florida homes
The Smart Way To Buy Florida Real Estate Why Florida? When people think of real estate, Florida tends to be one of the first pl...
Naples Botanical Garden creating new art exhibit, fall walk for visitors this season Ashley Collins , Naples Daily News Published 1:39 p....