Florida FHA Loan News

Tampa Bay’s foreclosure rate continues to fall

By analyzing information on thousands of single family homes for sale in Tampa, Florida and across the United States, we calculate home values (Zestimates) and the Zillow Home Value Price Index for Tampa proper, its neighborhoods and surrounding areas.

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Foreclosure activity nationwide was down 4 percent in February compared to the month before, but it’s still on the rise in Florida.

Tampa Bay’s foreclosure and mortgage delinquency rates continue to fall substantially, although they still are above the national averages.

Interest rates adjust periodically with a variable rate mortgage, which means repayments may change throughout the loan term.Usually, the interest rate changes in relation to another rate – the Bank of England’s base rate is very influential on variable interest rates, as is the base rate of each lender.

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Unemployment rates continue to fall. Statistics released Friday by the Florida Agency for Workforce Innovation show the jobless rate in the Tampa-St. Petersburg-Clearwater metropolitan area measured 4.1 percent in March, down from a revised 4.5 percent in February and 4.6 percent in March 2004.

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Within 24 hours of listing a 1,000-square-foot bungalow near Tampa’s Seminole. of Realtors. Bay area agents say rising interest rates could eventually slow down the rate of price increases. But for.

September a strong month for Tampa Bay home sales, prices. Tampa Bay's mortgage delinquency rate continues to fall. Foreclosures September 23.

Pre-Foreclosures Pre-Foreclosures. The lender initiated foreclosure proceedings on these properties because the owner(s) were in default on their loan obligations. Pre-foreclosures also include properties for which a foreclosure auction is scheduled. These properties are not found on a multiple listing service (MLS).

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In the Tampa Bay area, Lakeland had the highest foreclosure rate with one in every 37 homes facing foreclosure, representing 7,407 properties and placing Lakeland No. 21 in the nation.

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