Chaos in Florida. Foreclosures spike 300%.

Florida's housing market downturn is getting more severe, with foreclosures rising, home values falling, and some sellers now taking losses of $100,000 or more. I traveled to Davenport, Florida, to see what the housing market looks like on the ground.

Chaos in Florida. Foreclosures spike 300%.

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Florida's housing market downturn is getting more severe, with foreclosures rising, home values falling, and some sellers now taking losses of $100,000 or more.

I traveled to Davenport, Florida, to see what the housing market looks like on the ground.

In one neighborhood, I found a lender-approved short sale where the owner bought the home...

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Florida's housing market downturn is getting more severe, with foreclosures rising, home values falling, and some sellers now taking losses of $100,000 or more. I traveled to Davenport, Florida, to see what the housing market looks like on the ground. In one neighborhood, I found a lender-approved short sale where the owner bought the home...

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