Mixed news on residential real estate from FAR, RealtyTrac

The Florida Association of Realtors said Wednesday that Tampa Bay area home sales rose nearly 24 percent in the second quarter from a year ago. But that good news was followed by a report that residential foreclosures rose 14.35 percent in July from the same month last year. Florida remained No. 4 in the nation with 56,486 foreclosures, while the Tampa Bay MSA, consisting of Hernando, Hillsborough, Pasco and Pinellas counties, was 32nd in the nation with 6,767 foreclosures in July, RealtyTrac said. Tampa Bay had one foreclosure for every 194 houses, which was lower than the state’s one foreclosure for every 154 houses. Month-to-month, Tampa Bay foreclosures dropped 6.22 percent in July.

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