According to data fudged data compiled by RealtyTrac, 1 in 8 U.S. homes were in various stages of default or delinquency at the end of 2008. This story was all over the news last week. However, it’s only half true.
See, USA Today posted a 2008 Foreclosures By State heatmap last week, which reinforced an all too simple truism:
“Don’t Believe Everything You Read!”
As the heatmap clearly shows, in stripping out just 35 of the nation’s 3,232 counties, we can decrease the number of foreclosures nationally by 1/2.
In other words, yes, 1 in 8 U.S. homes are in fact facing mortgage problems. However, just as national real estate sales statistics rarely reflect what’s going on here in Winter Haven, Florida or in your neighborhood, the ratio is likely much, much lower.
Real estate is a local phenomenon. National statistics rarely apply.
Related articles
- Clearwater Real Estate News | Guess What Percentage Of Tampa Mortgages Are Paid On-Time? (clearwaterrealestatetampahomes.com)
- Weekly Winter Haven Mortgage Rate Report: February 2, 2009 (floridamortgageblogger.com)
- Winter Haven, Florida FHA Activity Increasing – US Sees FHA Loan Limit Increase (myfhamortgageblog.com)
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Kevin Sandridge
The Florida Mortgage Pro
Signature Home Funding
410 Laurel Cove Way
Winter Haven, FL 33884 |
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Fax: 888-496-0265
Email: kevin.s@sigfunding.com
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I hope you found this post useful! As always, if you or anyone you know is in need of a local Florida mortgage loan originator, I’m your guy. Call me at 888-859-7418 or apply online for your Florida mortgage. We’ll keep you posted and let you know when it’s time to pull the trigger!
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There are some fascinating closing dates on this article but I don?t know if I see all of them middle to heart. There is some validity but I’ll take hold opinion until I look into it further. Good article , thanks and we want extra! Added to FeedBurner as nicely