A report released today by Florida Realtors, formerly the Florida Association of Realtors, found the state’s foreclosure crisis is not just a burden for low-income families.
About 23 percent of foreclosures reviewed in the study were of homes owned by families making an annual income of between $50,000 and $75,000. Another 20 percent were of homes of families bringing in $100,000 or more annually.
“Floridians of all incomes and social backgrounds have felt the effects of the foreclosure crisis,” said John Sebree, Florida Realtors vice president of public policy, in a press release. “By looking to the root causes of foreclosures among individuals and families who have actually experienced it, Florida Realtors lead the way in the fight to restore confidence in real estate and get homeowners back on their feet.”
You can read the whole story at http://blogs.palmbeachpost.com/realtime/2010/04/06/about-20-percent-of-florida-foreclosures-are-of-homes-with-annual-incomes-of-100000-or-more-according-to-report/ but what it really boils down to is this. If you are trying to sell, you must understand the relationship between the foreclosure market and your home. Call me for an appointment to discuss how we can get your home sold in this turbulent market. And take a minute to visit me on the web at http://www.coastalfloridarealestate.net/ or www.youtube.com/richardsites then send along to your friends.
