Deland-Daytona Beach-Ormond Beach Record High Foreclosure Rates in 2009
The Miami-Fort Lauderdale metropolitan area ranked among the top 10 U.S. metro areas with the highest foreclosure rates in 2009, according to a newly released report by RealtyTrac, the Irvine, Calif.-based online marketplace for foreclosures. Florida accounted for eight of the top 20 metro foreclosure rates. Only California, with nine, had more.
Nationwide, there were 2.8 million foreclosure filings in 2009, or one out of every 45 housing units. That was up 21.2 percent from 2008 and 119.6 percent from 2007.
Across Florida, the Cape Coral-Fort Myers market posted the second-highest metro area foreclosure rate in the nation, with 11.87 percent. Orlando-Kissimmee ranked seventh, with 8.17 percent. Port St. Lucie ranked ninth, with 7.58 percent of its housing units in foreclosure.
Among other Florida metro areas in the top 100:
- Miami-Fort Lauderdale-Pompano Beach, No. 10, at 7.16 percent
- Naples, No. 13, at 6.38 percent
- Deltona-Daytona Beach-Ormond Beach, No. 16, at 5.32 percent
- Sarasota-Brandenton-Venice, No 17, at 5.26 percent
- Lakeland, No. 18, at 5.19 percent
- Palm Bay-Melbourne-Titusville, No. 21, at 4.78 percent
- Tampa-St. Petersburg-Clearwater, No. 22, at 4.77 percent
- Jacksonville, No. 26, at 4.53 percent
- Pensacola-Ferry Pass-Brent, No. 44, at 2.85 percent
- Gainesville, No. 68, at 2.08 percent
- Tallahassee, No. 82, at 1.72 percent
"There is evidence that we’re entering a new wave of foreclosures, driven more by unemployment and economic hardship than what we’ve seen over the past few years,” RealtyTrac CEO James J. Saccacio in a news release.
I tend to see the glass half full, not half empty, and know there is tremendous opportunity here for buyers. And for sellers - remember - there are alternatives to Foreclosure. Contact me NOW if you are having trouble payment your mortgage.
Sherry Armstrong, Realtor
386-679-3191
yourkeytothebeach@gmail.com