43 percent jump in Tampa Bay's foreclosure, among the highest in U.S.
Posted: 10/25/2012
While a majority of the nation’s property foreclosures have declined in the last year, the Bay area has been less fortunate, experiencing a huge jump in foreclosure activities.
In Realty Trac’s third quarter report, 62 percent of metropolitan areas with a population of 200,000 or more had fewer foreclosures.
But when it comes to foreclosure increases, the Tampa-St. Pete- Clearwater area has the 13th highest rate of foreclosure in the nation's 212 metro areas.
Among the nation's largest metropolitan areas, Tampa ranks second with a 43 percent increase, only to be outdone by New York, with 69 percent.
Six other Florida cities, including Miami, Jacksonville, Palm Bay, Orlando, Lakeland and Ocala, ranked among the top 20 metro foreclosure rates in the third quarter.
Ocala was the only Florida city that experienced a decrease, despite being one of the top foreclosure areas.
For a breakdown of the U.S. Metro Foreclosure data, click here: http://www.realtytrac.com/content/foreclosure-market-report/q3-2012-metro-foreclosure-rates-and-rankings-7448
Copyright 2012 Scripps Media, Inc. All rights reserved. This material may not be published, broadcast, rewritten, or redistributed.
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