Homes in Celebration District, Orlando, FL. – Courtesy: Shutterstock – Image by Box Lab
Florida is a popular tourist destination in the United States due to its warm weather, sandy beaches, and attractions. However, with rising mortgage rates driving up property costs, some locals may contemplate relocating.
GOBankingRates published a report on the state’s housing market. Based on their analysis, they believe seven Florida cities are exhibiting indicators of a housing crisis.
The list was topped by The City Beautiful.
To compile their list, GOBankingRates said it examined data from the Consumer Financial Protection Bureau, the Consumer Protection Bureau, and RealtyTrac for the largest 200 cities in Florida in terms of total housing units, as well as the percentage of mortgages that are one to three months delinquent and homeowner and renter vacancy rates.
For more on the survey and story, click here and view the full list below.
1. Orlando, Florida
- Homeowner vacancy rate: 5%
- % of mortgages delinquent 90 days: 0.5%
2. Fort Lauderdale, Florida
- Homeowner vacancy rate: 4.1%
- % of mortgages delinquent 90 days: 0.6%
3. Gainesville, Florida
- Homeowner vacancy rate: 3.6%
- % of mortgages delinquent 90 days: 0.6%
4. Miami, Florida
- Homeowner vacancy rate: 2.2%
- % of mortgages delinquent 90 days: 0.6%
5. Jacksonville, Florida
- Homeowner vacancy rate: 2.0%
- % of mortgages delinquent 90 days: 0.6%
6. Hollywood, Florida
- Homeowner vacancy rate: 1.6%
- % of mortgages delinquent 90 days: 0.6%
7. Pembroke Pines, Florida
- Homeowner vacancy rate: 0.9%
- % of mortgages delinquent 90 days: 0.7%
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Melissa’s career in writing started more than 20 years ago. Today, she lives in South Florida with her husband and two boys.
