Posts Tagged ‘Lauderdale Foreclosed’

Fort Lauderdale Foreclosed Homes for Sale to Slash Prices

Fort Lauderdale foreclosed homes for sale will continue to pull down home prices and real estate values in the area, according to several real estate analysts.

According to analysts at Fortune Magazine, home prices in Fort Lauderdale, Miami, West Palm Beach and Orlando will continue to fall in 2010 because of continued foreclosures in Florida.

These three Florida cities are among 100 U.S. cities where home price levels are expected to fall further, according to Moody’s Economy.com economist Mark Zandi.

In Fort Lauderdale, home prices will fall 30.1 percent, the third highest in the list. Miami will top the ranking, with an expected price drop of almost 33 percent. Orlando will be third, with a predicted drop of 30.7 percent. T

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