IS THE BOTTOM A MONTH AWAY?
A study released on Wednesday by Mt. Pleasant-based Default Research finds that, while foreclosures in South Florida were up 325 percent from the same time last year, the area saw a decline from September to October.
“Our statistics show that foreclosures are beginning to level off in the region,” Research founder Serdar Bankaci said. “Inventories in the region have been falling for the past few months, and that should result in home prices starting to stabilize by the New Year.”