Sunshine State Foreclosures

Posted by Tricia Dunn - email

(WFLX) - The First half of 2009 is looking grim for the housing market, with more than 2 million homes filing foreclosure, the Sunshine State still remains in the top three states for foreclosure filings.

Florida placed second in the nation in total foreclosure filings so far this year, up more than 40 percent from the first half of 2008.

Foreclosure totals went down, in total, from May to June, the number of foreclosures being sold and put back on the market is dropping.

Plus, it's cheaper than ever to buy a home, with the average home price dropping nearly fifty percent from last year to just over 171 thousand dollars.