If the rate continues to rise quarter by quarter. Studies have shown that 45% of mortgages fall into foreclosure as a direct result of unemployment, thus with a rising rate of unemployment,
North Port-Bradenton-Sarasota, FL Level 3 vs. History Note: Scale of axes may vary by metro area / state. Home prices continue to fall in North Port, seriously delinquent rate and 8th highest foreclosure rate among all metro areas in the country.
. data indicated that we are not out of the woods yet and that the issues continue to vary by geography,” Fratantoni said. “The increase in the foreclosure starts rate this quarter was driven by.
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The downward slide in foreclosure activity continues in Southwest Florida. The rate of foreclosures among all outstanding mortgages in Sarasota and Manatee counties fell to 2.08 percent in August.
Foreclosure rates continue to fall. Aug 03. foreclosure rates are still high in general, but every month we continue to see nationwide improvements. According to the Black Knight Financial Services report recently released, foreclosures are down 14.59 percent in a year-over-year comparison.
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Foreclosure rates in North Port-Bradenton-Sarasota fell in May from the same time last year, according to the CoreLogic data. The report shows foreclosures represented 11 percent of all outstanding mortgage loans in the greater Sarasota area in May, a decrease from May 2011, when the rate was 12 percent.
Tampa Bay’s foreclosure rate continues to drop although it remains above both the state and national averages. In December, 1.8 percent of all bay area homes were in some stage of foreclosure.
The foreclosure market can indicate how healthy the economy is. Read here to learn more about foreclosure rates and mortgage delinquencies.