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Tampa Real Estate Market #2 in Nation for Foreclosures

The Tampa Tribune reported that the Tampa, Fl area is now number two in the nation in foreclosures.  This is unbelievable news, knowing how hot our market was just 4 years ago. According to the statistics Tampa had the most filings in September, 2008, then the rest of the Bay area.

TAMPA – Florida leapfrogged California and Arizona to seize the nation’s second-highest rate of foreclosure filings last month, according to California-based market researcher RealtyTrac. Here’s a look at the most recent numbers:

1 in 178 Housing units in Florida that received a foreclosure filing of some kind in September, ranging from early-stage notices of payment default to bank repossessions

47,956 Foreclosure filings in Florida in September, a 9 percent jump over August. Compared with the same month last year, foreclosures soared 44 percent.

4,663 Foreclosure filings in Hillsborough County (Tampa, Brandon, Lutz, Riverview,) last month, a 146 percent increase over August. (It wasn’t immediately clear what caused the huge jump.)

1,873 Foreclosure filings in Pinellas County (Clw, St. Pete, Palm Harbor), a 9 percent slide.

1,175 Foreclosure filings in Pasco County (Land O’Lakes, Wesley Chapel, New Port Richey), a 28 percent jump

See Also: The Best Real Estate DEALS are Bank Owned

If you enjoyed this article; and are considering taking advantage of the Tampa Real Estate market or would like more information on REO, Bank Owned, Short Sales and Foreclosed Homes for sale please contact us for more information 813 784 7744 ……….or pass on to a friend!
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Written by Rae Catanese, Realtor

Licensed Realtor since 2002, Tampa Bay’s own Rae Catanese regularly gives expert advice and insider tips about the Tampa Bay real estate market via her blog, The Tampa Real Estate Insider. If you are thinking of buying or selling a home in the Tampa, St. Petersburg or Clearwater areas-then this blog is for you. I typically post articles once a week. To make sure you don’t miss my newest posts, you can subscribe here! Have a real estate question? Email me here!

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