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Nine Florida cities face a foreclosure epidemic

Nine of the top 10 cities with the highest foreclosure rates in the nation are located in Florida, with Jacksonville taking the lead spot, the Jacksonville Business Journal reports. The paper has more:

That's the third month in a row, the Jacksonville News & Daily Record say, that the state has topped the list.

RealtyTrac reports that one out of every 230 housing units in the Jacksonville metropolitan area was in foreclosure in July, the highest of any metro area with more than 200,000 people.

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Lower mortgage rates attracting more homebuyers 

An often misguided premise I see on social media is that lower mortgage rates are doing nothing for housing demand. That’s ok — very few people are looking at the data without an agenda. However, the point of this tracker is to show you evidence that lower rates have already changed housing data. So, let’s […]

3d rendering of a row of luxury townhouses along a street

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