Florida ranks second in nation for foreclosure activity
It appears foreclosures are not going away.? In August there was a 26% increase in new foreclosures vs August of? last year.? What does this mean?? If you are an investor it appears you will have more opportunities to invest.? If you are a residential buyer it looks like you will have plenty of choices in the near future.
With interest rates staying low people should see more money flowing into the market;? on the flip side we should all be fearful of the Fed printing money again to stimulate the economy.? I am unsure of what the short term consequences but in the long term, this money printing will cause inflation and at some point if the dollar is worth less, you are paying just as much for a home as if you are paying 7% when the dollar is worth twice as much.? Simply stated we to see a stabilization in the dollar, low interest rates and decrease in unemployment.? Until then?? Your guess is as good as mine.? For now we do know foreclosures for August this year also moved Palm Beach County into No. 2 in the state after jumping 35% in new filings.
Stay tuned for the unexpected.
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