Housing market still on the mend

Housing market still on the mend

Thursday, May 14, 2015

According to a new report just released by data provider CoreLogic and featured in a recent article in the Sarasota-Herald-Tribune, Florida isn’t out of the dark yet when it comes to foreclosures and mortgage delinquencies. “The Tampa-St. Petersburg-Clearwater region was home to the highest foreclosure rate among major metro areas in March,” the article states; and that’s after a big improvement over the previous year. 

CoreLogic CEO Anand Nallathambi is optimistic, however. He predicts that if the current trends continue, the overall foreclosure inventory throughout the state could drop to record lows – levels not seen since we entered the Great Recession. “Foreclosures and serious delinquency rates continue to drop as the home purchase market begins to emerge from its eight-year slump,” says Nallathambi.

Access to affordable housing -- for homeowners and renters -- is a key contributor to a community’s well-being.  Learn more here about the impact this indicator has on residents along the Gulf Coast.