Description: Prime Building Lots Exclusively from The Florida Land Company
August 21, 2008 by Kendall Kunz
South Florida is seeing a big jump in the number of homeowners who are selling their properties for less than they paid, highlighting the magnitude of the region’s historic housing slump.
During the first half of this year, 23 percent of sellers in Broward County unloaded their homes at a loss, according to sales data analyzed by the Sun Sentinel. In Palm Beach County, the percentage was even higher — 27 percent. That’s a significant spike from 2006, when only 2 percent of sellers in each county took losses.