Home Values Fall, Foreclosures Decline
Home values in North Central Florida are falling at an alarming rate and the rest of the state is doing only marginally better. Industry analyst CoreLogic reported Thursday that sales prices in Gainesville fell nearly 10 percent from October 2009 to 2010. Foreclosure filings have fallen yet are still high. Those hoping to avoid foreclosure with a short sale, selling the home for less than what it's worth, will face a steep climb.
"You can put in a lot of time and effort and build a lot of dreams and then not be successful," said 26-year real estate veteran Tony Miller.
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