BOATS... BOATS... BOATS

BOATS... BOATS... BOATS
West Palm Beach

Saturday, November 13, 2010

THE BAD NEWS... MAYBE THE GOOD NEWS WILL SOON COME OUR WAY



ZILLOW REPORTS ALMOST HALF OF ALL 
SEPTEMBER SALES IN SOUTH FLORIDA 
SOLD FOR A LOSS.
 The tri-county area has a 42% rate of underwater mortgages for single family homes.  Home values have fallen since the 2006 peak by 53% with price levels what they were in July 2002.  In October foreclosures increased with one in every 155 Florida housing units receiving a foreclosure filing, 2nd   behind California and 17% of all US foreclosures.

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