Despite all the rosy reports on a booming housing market nationwide, we can't put lipstick on a pig forever here in Jacksonville!

Foreclosure activity may be down overall nationwide, but some of the largest cities have seen a sharp increase in foreclosure filings.  New York, Tampa, Chicago, etc.  Check out this report from Business Insider on Foreclosures.  Also see the main source at Realty Trac.  

And Sunny Jacksonville Florida's Foreclosures?  Not so good either:

#10 Nationwide for the highest foreclosure activity.

1 out of every 100 homes received a foreclosure filing in Q3 2012

Properties with foreclosure filings:    5,984

Change from Q2 2012:   +44.09 percent  (That's UP 44%)

Change from Q3 2011:  +32.48 percent  (That's UP 32% from a year ago!)

The ripple effect of this continues to be a housing market with prices being held down despite strong buyer activity in the lower price ranges.  

How to short sale your home

Posted by Brad Officer on
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