How do Florida foreclosure rates compare to other states?


By Samuel Stebbins, 24/7 Wall Street via Center Square

Demand for single-family homes has surged over the past two years as the coronavirus pandemic pushed people to seek more living space. Increased demand driven by low interest rates, combined with supply constraints, led to higher house prices. (These are the 15 cities with the highest house prices.)

But now the US housing market appears to be on the mend, with early signs of distress in parts of the country. Foreclosure filings, a measure of the health of the housing market at the local, state, or national level, are on the rise nationwide.

Home foreclosure applications (including default notices, bank foreclosures and scheduled auctions) increased 153% in the first half of 2022 compared to the same period last year, according to Attom, a curator of land and property data. I’m here.

In Florida, foreclosures increased 124.5% from 7,851 in the first half of 2021 to 17,624 in the first half of 2022. The state’s foreclosure rate of 1 in 560 homes ranks her sixth highest in the nation.

Five-year estimates from the U.S. Census Bureau’s 2020 American Community Survey show that 56.7% of Florida homeowners are paying off their mortgages, the 11th lowest rate among states.

Annual income for a typical household in the state is $57,703 and a typical home value is $232,000. For context, the typical American household has an annual income of $64,994 and the national median home price is $229,800.

Rank state Foreclosure rate (foreclosures per residential unit) Homes Under Foreclosure, 1H 2022 Housing with Mortgage (%) median house price ($)
1 Illinois 1:385 14,086 62.8 202,100
2 new jersey 1:410 9,177 66.0 343,500
3 Ohio 1:475 11,028 62.4 151,400
Four Delaware 1:497 903 64.7 258,300
Five south carolina 1:513 4,568 57.7 170,100
6 Florida 1:560 17,624 56.7 232,000
7 Nevada 1:567 2,259 67.5 290,200
8 Indiana 1:606 4,822 65.2 148,900
9 Georgia 1:770 5,731 64.5 190,200
Ten Michigan 1:773 5,913 59.6 162,600
11 Connecticut 1:773 1,979 people 67.4 279,700
12 Oklahoma 1:824 2,120 54.5 142,400
13 Maryland 1:863 2,934 72.5 325,400
14 California 1:881 16,340 69.5 538,500
15 Iowa 1:899 1,571 60.4 153,900
16 Alabama 1:925 2,475 55.7 149,600
17 north carolina 1:958 4,917 62.5 182,100
18 Arizona 1:961 3,207 63.3 242,000
19 texas 1:1,005 11,527 56.8 187,200
20 pennsylvania 1:1,038 5,531 59.9 187,500
twenty one maine 1:1,050 704 60.7 198,000
twenty two colorado 1:1,073 2,322 70.8 369,900
twenty three Missouri 1:1,073 2,596 61.2 163,600
twenty four New York 1:1,106 7,673 59.9 325,000
twenty five Louisiana 1:1,107 1,873 52.0 168,100
26 Utah 1:1,127 1,022 people 70.1 305,400
27 Minnesota 1:1,169 2,126 66.0 235,700
28 Virginia 1:1,212 2,985 68.2 282,800
29 new mexico 1:1,225 768 53.4 175,700
30 wyoming 1:1,394 195 58.1 228,000
31 Mississippi 1:1,397 945 50.0 125,500
32 Hawaii 1:1,431 392 64.4 636,400
33 Nebraska 1:1,443 585 59.4 164,000
34 Wisconsin 1:1,503 1,815 63.3 189,200
35 Tennessee 1:1,528 1,984 people 59.0 177,600
36 Massachusetts 1:1,535 1,954 people 68.5 398,800
37 rhode island 1:1,560 310 67.9 276,600
38 new hampshire 1:1,593 401 65.0 272,300
39 Arkansas 1:1,715 796 54.2 133,600
40 Alaska 1:1,985 160 61.9 275,600
41 Washington 1:2,400 1,334 68.2 366,800
42 kentucky 1:2,432 820 57.2 147,100
43 Idaho 1:2,473 304 64.1 235,600
44 Montana 1:2,654 194 56.0 244,900
45 Oregon 1:2,782 652 66.1 336,700
46 Kansas 1:2,810 454 58.6 157,600
47 west virginia 1:3,626 236 46.7 123,200
48 north dakota 1:4,466 83 53.2 199,900
49 Vermont 1:7,598 44 62.4 230,900
50 south dakota 1:9,068 43 55.0 174,600

Florida,

real estate,

Foreclosure,

center square,

24/7 Wall Street





Source link

Leave a Reply

Your email address will not be published. Required fields are marked *

malini sex video kings-porno.com xxx saniya mirja 89. com pornoqui.com kolkata girls need sex punjabi blue film ultraporn.mobi shalimargame سكس تجسس arabpussyporn.com احلى نيك محارم desi wallpaper for whatsapp fuckhindi.com www.xxxvedeos
reddit indian porn iwanktv.info sex.xnxx porntui ebonyporntrends.com indian sax vedeo sexy nangi monatube.mobi hd pron movie ليلة الدخلة سكس largetube.net سكس الجزاير jav.guru desixxxhd.com kajol xnxx
girls getting fucked firetube.mobi fuckingvideos فيديوهات نياكة porn-loop.net سكس رومانسى مصرى brawling go 134 hentaisin.com nama naka telugu wap .com pornoguru.info saxyfilm احلى نيك fransizporno.com رقصسكس