[JohnVosilla]

Originally Posted by hiknapster

Really? The dollar hit a new low today, inflation is creeping up, and we aren't even counting gas and food, mortgage rates are going UP and we are looking at this country's worse housing market recession, ever.

Things don't seem to be following the Economics 101 playbook.

I was referring to why real estate will recover in the future due to the government policies of recent years.. No way getting around the stupid credit bubble and ownership society that fueled all the speculation and nonsense of 2004-06 without a lot of pain first..

[Hero]

Housing Valuation Analysis - Corporate - National City Corporation

Recently updated with Q4 2007 data.

In Q3 2007, Florida was basically all "red."

[Dave_n_Tenn]

St. Lucie County.......4900 forclosures

Indian River County.... 1100 forclosures

Martin County.... 700 forclosures

(rounded off to nearest hundred)

For January of 2008 there were 717 forclosures in St. Lucie County alone.
If that's a typical amount then St. Lucie county will have 8400 forclosures this year. The court had to put on a second (shift) to cover the workload.

[hiknapster]

That ain't nothin.' Check out Lee County.

In February 2,461 foreclosures were filed, up from 2,297 in January.

According to RealtyTrak Inc., a California-based mortgage research company, the Fort Myers-Cape Coral area had the highest foreclosure rate in the country in January. How the area fared in February will be available in mid-March, a company spokeswoman said Monday.

Remember a year ago? People on this forum were saying the area was poised for a boom. People were moving in, school attendance was up.

Baloney.

Lee County sets foreclosure record in February : Real_Estate : Naples Daily News

[lostbuyer]

apparently Lee county joined the more foreclosures than sales party in february,432 sfh sales vs.a couple thousand foreclosures.but hey its a great time to buy..

[SANDYHAIR]

What did people really expect to happen just plain crazy ?

[lostbuyer]

the latest news is,orlando starts foreclosure bus tours next month,1in 20 tampa homes are vacant but the #1 in the nation with most vacancies is orlando with a 7.4 vacancy rate,economist Jack McCabe is calling 08 the year of the great meltdown,he says just look at the numbers their hard to refute,(broward county)38,582 homes for sale 1,063 sold (last months stats)3 year supply and getting worse ,and miamis numbers are said to be worse,st. lucie county was averaging 40-45 foreclosures a month back in 05 this january they had 715.you look at all this and realize we have a long way to go ,I would say were in the bottom of the fourth inning..

[lostbuyer]

news from Miami! for every house sold in january there were 6 foreclosures filed,I had to read that one over a couple times,but no not a typo,those are the numbers its really mind-boggling.

[jpicard]

With all these foreclosures why are the prices not dropping more significantly? Tooling around Realtor.com I still see allot of over priced dumps in FL.

[Wild Style]

jpicard

some people still want to hold out? Others may have bought at the height of the market and it is a huge blow to accept less. Lot of factors at play, but at the end of the day they have no choice.