Welcome to

Capitol News Service

Florida's Best Political Television Coverage


Visit the Lobby Tools Website


Visit Legislative IQ Website


Recent Posts



RSS Capitol News LIVE

RSS Quote of the Day

  • Lewis Mumford
    "A certain amount of opposition is a great help to a man. Kites rise against, not with, the wind."
  • Khalil Gibran
    "There are those who give with joy, and that joy is their reward."
  • Mark Twain
    "Thousands of geniuses live and die undiscovered - either by themselves or by others."
  • Winston Churchill
    "The price of greatness is responsibility."

Florida Foreclosure Ranks Second in Nation

September 18th, 2009 by Mike Vasilinda

Unemployment numbers are not expected to start falling significantly until the middle of 2010 when the economy improves. And even though this months numbers are statistically flat, thousands have exhausted their benefits. Rebecca Rust, the states chief labor economist, says the loss of benefits is part of the reason Florida is now second only to Nevada in the rate of foreclosures.

We did see deterioration in the foreclosure rate over the month of August data,” Rust said. “We had some improvement last month and that did not continue for August. Foreclosures for August are 62, 401. This is up by just over 10 percent over the month and up by 42 percent over the year. These are among the highest since the series began.

One in every 140 homes in Florida is now in foreclosure.

Posted in Economy, Housing, State News | No Comments »

Leave a Comment

Please note: Comment moderation is enabled and may delay your comment. There is no need to resubmit your comment.

copyright © 2016 by Capitol News Service | Powered by Wordpress | Hosted by LyonsHost.com