j e r r i a n n
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Hello! My name is Jerriann and like that giant heading at the top says, I love journalism. I believe that good journalism has the power to inform people and, at its best, help them understand the other 7 billion individuals on the planet.

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28-Jan 12

Kolko’s argument hinges on a couple of key points. First, Florida was more or less “ground zero” for America’s housing crisis: at the worst of it, average home prices declined there 40 percent or more off their peak. Second, the state is overrun by foreclosures: it currently has the highest rate of foreclosed loans (14 percent) in the country. That’s double that of Nevada (6.3 percent) and four times higher than Arizona, California, and Michigan. That said, people are starting to buy houses in Florida again. He cites Trulia’s Metro Movers Index, which shows increased house-hunting activity in North Port-Bradenton-Sarasota, Fort Lauderdale, Cape Coral, and West Palm Beach. Additionally, prices have increased more than 2 percent in the third quarter of 2011 in West Palm Beach, Fort Lauderdale and several other Florida metros.