90.7 WMFE and 89.5 WMFV are Central Florida's primary provider of NPR programming and Classical Music. Part of the community since 1965, providing quality national and local news and programming. We inspire and empower all Central Floridians to discover, grow and engage within and beyond their world.
Support for 90.7 WMFE is provided by

Florida Still Tops Nation In Foreclosures, But Number Dropping

Play Audio

Photo courtesy the U.S. Department of Housing and Urban Development.

While Central Florida remains ground zero in the nation’s foreclosure crisis, new data from RealtyTrac show the number of foreclosures in the state continues to drop.

In the darkest days of 2008 and 2009 Florida saw more than 60,000 foreclosures a month. Now that’s down to around 20,000. That said, the Ocala and Lakeland metro areas are still grappling with some of the highest foreclosure rates in the nation, said RealtyTrac’s Daren Blomquist.

“Home prices have been slower to recover in central Florida. There’s more people who got into trouble during the housing bubble who haven’t recovered their equity and so there’s more likelihood of them falling into foreclosure,” said Blomquist.

Blomquist said it could take another decade for some housing markets to fully recover.

Get The 90.7 WMFE Newsletter

Your trusted news source for the latest Central Florida news, updates on special programs and more.

Stay tuned in to our local news coverage: Listen to 90.7 WMFE on your FM or HD radio, the WMFE mobile app or your smart speaker — say “Alexa, play NPR” and you’ll be connected.

WMFE Journalistic Ethics Code | Public Media Code of Integrity

About Catherine Welch

Catherine Welch