While the recession may technically be over and the economy and jobless rates are said to be improving, there are certain economic indicators that show there is still room for more recovery. One area of concern is the state of the housing market in Florida and other states. While the numbers are not bleak, there is still cause for concern when it comes to home foreclosure.
A recent report indicated that there over 116,000 properties that were currently in the midst of the home foreclosure process in August. This means the rate of foreclosure activity was noted to be up 7 percent compared to July. Although that was a monthly increase, it was still down from a year ago.