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Mortgages Real Estate

More Local Mortgages are Getting Paid on Time

The latest mortgage statistics show an improving market in Sarasota and Manatee counties as the numbers continue to improve. Both short-term delinquency rates (30 days late) and foreclosures are down when compared to the same period last year. However, serious delinquencies (90 days + late) have flattened out.

Typical Florida House

The most recent data shows that there are roughly 9% less people 30 days late on their mortgages than there were last year at the same time. The total is only 3.1% (versus 3.3% last month).

Longer-term mortgage delinquencies are flat at 1.7%. We define long-term delinquencies as people who are 90 days or more, late on their mortgage payments.

Foreclosures are down over 12% when comparing this year to last (0.7% of mortgages). When you put it all together, the mortgage statistics indicate a healthy real estate market. The video below shows the relevant statistics for our area.