bizjournals.com | July 17, 2016
By Emma Skeels
If Florida having the highest amount of bank repossessions in the U.S. wasn't bad enough, the state's second-quarter foreclosure rates are still 26 percent above pre-recession levels, according to a new study by RealtyTrac.
Florida was also in the top five states with highest foreclosure rate in the first-half of 2016, coming in at No. 4 with 0.7 percent of all housing units with a foreclosure filing. New Jersey came in at No. 1 with .98 percent.
Hopefully, there's a light at the end of the tunnel: Orlando-area foreclosure rates continued to drop this spring. And things could be worse — South Carolina is still 376 percent above pre-recession rates.
Nationally, foreclosure rates are at a 10-year low, down 19 percent from a year ago to the lowest level since July 2006.
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