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A deluge of South Floridians are falling behind on their monthly house payments, raising fears that many of the delinquent property owners will lose Foreclosures rise as overextended S. Floridians struggle with mortgages (Sarasota: insurance, mortgage broker) – Florida (FL) – City-Data Forum
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High prices kill demand. And low mortgage rates, after years of low mortgage rates, are having only a limited effect on sales volume. But the median price of existing homes sold in June across the US – median means half sold for more and half sold for less – rose 4.3% from a year ago to a record $285,700.
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