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Home Foreclosures Expected to Continue in 2010

The good news is that sales on existing homes, both single family and condos, continue to increase and inventories are decreasing in Miami-Dade county.

The bad news is in the foreclosure numbers for 2009.  The numbers include all properties that are in some stage of the foreclosure process.

• Palm Beach County – 30,870
• Broward County – 69,633
• Miami-Dade County – 72,391
• Monroe County – 1,275

Since the unemployment rate is so high in Florida, foreclosures are expected to continue to add to inventories on the market in 2010.  Miami-Dade’s new on-line foreclosure program and the government’s Home Affordable Refinance Program should help keep the foreclosure rate lower than 2009′s.

Tags: buying real estate, Foreclosures, Investment Real Estate, Miami Real Estate

This entry was posted on Sunday, January 17th, 2010 at 12:36 pm and is filed under Buying, Foreclosures, Selling. You can follow any responses to this entry through the RSS 2.0 feed. You can leave a response, or trackback from your own site.

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