Foreclosure activity continues to rise in Tampa Bay

There is little good news in a new foreclosure report from First American CoreLogic that shows more increases year-over-year in families losing homes. But the Tampa Bay region is doing better than Florida as a whole. Foreclosure rates in August were 8.58 percent in the Tampa-St. Petersburg-Clearwater market, according to the CoreLogic report. That is nearly double from its rate a year ago where 4.65 percent of homes were in foreclosure. Florida overall had a foreclosure rate of just under 10 percent in August, up from 2008 when it had just a 5.24 percent rate.

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