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Florida observes 3.4% annual decline in share of equity-rich homes, while gains in the Northeast consolidate
Average profit margins decline for second year in a row, with Florida sellers hit hardest
"Something's got to give," implores ATTOM CEO Rob Barber. "Or a growing number of buyers will have no choice but to toss in the towel."
Even so, foreclosure activity remains relatively high in Florida, Nevada, and Connecticut, ATTOM reports.
However, foreclosures remain at historic lows, with 28,000 fewer loans in active foreclosure this October than last.
Highest rates in Florida, Nevada, New Jersey, ATTOM's latest foreclosure report reveals