Foreclosure update
Posted by Shayla Twit on Thursday, February 11th, 2010 at 8:57am.Sarasota area Foreclosure update:
* Manatee County foreclosures skyrocketed 150% !!
* Looks like the prediction of a new wave of foreclosures is coming to fruition for our area.
* Prices have come down and sales have been consistently UP.
* Sarasota County saw a decrease in the number of foreclosure filings, down 33% !!
* Charlotte County, one of the highest rates for our area, saw a 44% increase from a year ago.
* The cause? The unemployment rate; now in the double-digits.
* Some economists predict our market to stabilize by 2012.
* In looking at the nation as a whole, Nevada appears to remain the highest foreclosure rating for the 37th straight month... more than 4 times the national average.
* Florida and California have nearly the same per capita filing rate; one in every 187 units.
* Cape Coral-Fort Myers is ranked at number 9 and Orlando is at number 10.
* Foreclosure filings in Manatee County soared to 1144 in January... that's one in every 149 households
* Sarasota County saw 1219 filings... that's one in every 182.
* Per James J. Saccacio, RealtyTrac's chief executive, "If history repeats itself, we will see a surge in the numbers over the next few months as lenders foreclose on delinquent loans."
"Oh, By the Way... if you or someone you know is considering a purchase or selling, I would love the opportunity to assist with any of your real estate needs and am never too busy for any of your Referrals."
Shayla Twit, Michael Saunders & Company, cell 941.544.7690, email ShaylaTwit@MichaelSaunders.com, office 941.951.6660
Shayla Twit
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