Market rebound for Florida

Until recently Florida was always in the top 2 or 3 for the highest number of foreclosures.  This report from CNBC shows that we are now at number 9 and more importantly the change from a year ago is dramatic.  The number of foreclosures in this state in down by a whopping 53%!  This is HUGE and signals a positive change in our market statewide.  Now is the time to buy.  As our market continues to improve, prices WILL go up.

Here are the top ten states with the highest number of foreclosures.

10. Colorado

Rate: One in every 438 households
Properties with filings in 2010: 4,946
Change from Nov. 2010: -3.46%
Change from Dec. 2009: -1.65%

9. Florida

Rate: One in every 409 households
Properties with filings in 2010: 21,671
Change from Dec. 2010: -15.48%
Change from Jan. 2010: -53.96%

8. Illinois

Rate: One in every 402 households
Properties with filings in 2010: 13,164
Change from Dec. 2010: -6.25%
Change from Jan. 2010: -27.35%

7. Georgia

Rate: One in every 318 households
Properties with filings in 2010: 12,772
Change from Dec. 2010: 15.67%
Change from Jan. 2010: 13.29%

6. Michigan

Rate: One in every 272 households
Properties with filings in January: 16,716
Change from Dec. 2010: 4.08%
Change from Jan. 2010: -4.88%

5. Utah

Rate: One in every 265 households
Properties with filings in January: 3,601
Change from Dec. 2010: 8.11%
Change from Jan. 2010: -11.89%

4. Idaho

Rate: One in every 241 households
Properties with filings in January:  2,686 
Change from Dec. 2010: 29.38%
Change from Jan. 2010:   3.19%

3. California

Rate: One in every 200 households
Properties with filings in January: 67,072
Change from Dec. 2010: 1.76%
Change from Jan. 2010: -6.61%

2. Arizona

Rate: One in every 175 households
Properties with filings in January: 15,757
Change from Dec 2010: 16.19%
Change from Jan. 2010: -25.14%

1. Nevada

Rate: One in every 93 households
Properties with filings in January: 12,263
Change from Dec. 2010: -8.97%
Change from Jan. 2010: 3.45%

Brevard Christian Realty is dedicated to providing exceptional, honest service and value to home buyers and sellers based on Christian principles.

Contact us today at 321-684-9900