Recent increases in Florida’s home prices, consumer confidence and personal income are all signs of economic recovery, according to economists. In July, South Florida’s home prices saw a five percent increase since 2011. The rest of the country is experiencing the same trend, 16 of 20 major metropolitan areas showed an increase in home prices when compared to 2011. The improvement of the housing market and employee incomes has caused an increase in consumer confidence in Florida, now at its highest level in five years.
Although this is all good news for Florida, we still have a ways to go. There are 350,000 pending foreclosures in the court system. In August, Florida was ranked second in the nation for foreclosure activity and the home sale prices are still about 47 percent below what they were in 2006.
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Choosing the right attorney can make the difference between whether or not you can keep your home. A well-qualified attorney will not only help you keep your home, but they will be able to negotiate a loan that has payments you can afford. Foreclosure defense attorney, Timothy Kingcade has helped many facing foreclosure alleviate their stress by letting them stay in their homes for at least another year, allowing them to re-organize their lives. If you have any questions on the topic of foreclosure please feel free to contact me at (305) 285-9100. You can also find useful consumer information on the Kingcade & Garcia, P.A. website at www.miamibankruptcy.com.
