There are at least 4 different articles on foreclosures in the Miami Herald today. It appears to be everything you ever wanted to know about foreclosures. We are not happy to see our neighbors in Homestead so hard hit by foreclosures. The UEL did preach the anti-sprawl mantra during the building boom, but this is not the outcome we expected. The Herald said:
Once dubbed the fastest-growing city among medium-sized cities, Homestead is now dealing with the aftermath of its explosive building boom...While home values across Miami-Dade have crashed, no city has been hit harder than Homestead, where one out of every 49 homes was in some stage of foreclosure in September, the highest rate in a county with one of the highest foreclosure rates in the state.
1 week ago