Claren Financial: The mortgage market faces 3 more years of recovery

Judge tosses whistleblower letter, limits discovery in Zillow-Move suit

Motions to limit subpoenas, strike letter benefit Zillow in legal row

San Francisco leads the nation in property bidding wars

Well above national average
W S
Servicing / The Ticker

Foreclosure activity haunts Florida

/ Print / Reprints /
| Share More
/ Text Size+

A decade ago, speculators in Florida were pumping up a huge housing bubble.

"You couldn't go wrong," Tampa real estate attorney Charlie Hounchell says. In that overheated period from 2001 to 2006, "you could buy a house and make $100,000 a year later by selling it," he says.

But the party ended in 2007 and the hangover persists. The state now has the highest foreclosure rate in the country, beating out Nevada for the first time in five years.

Source: NPR
Read full story

Recent Articles by HousingWire Staff

Comments powered by Disqus