Thursday, January 27, 2011

2010 Foreclosure Rate: Orlando No. 9

Orlando had the ninth-highest foreclosure rate in 2010 among the top 206 metropolitan areas with 61,674 filings, according to RealtyTrac, which tracks default, auction and bank-owned listings across the U.S.

Las Vegas held the top spot, with the Cape Coral-Fort Meyers area at No. 2 and Miami-Fort Lauderdale-Pompano Beach area at No. 5. Deltona-Daytona Beach-Ormond Beach came in at No. 13 on the RealtyTrac list, and Tampa-St. Petersburg-Clearwater was No. 17.

Although foreclosure filings across the U.S. were up 1.67 percent in 2010 compared to 2009 and up 23.23 percent from those filed in 2008, the report on Orlando was mixed. Foreclosures filed in 2010 were down 14.51 percent from those filed in 2009, but up 31.66 from the number filed in 2008.

Although homes sales were up nearly 20 percent in Orlando in 2010 when compared to a year earlier, the median value of the homes sold in December was $106,000, $14,000 lower than the same period a year ago.

 
 

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