Thursday's Afternoon Update
What you need to know about Florida today
Florida again leads in foreclosures, but maybe that's not a bad thing
Florida and South Florida returned to the top of the nation's foreclosure rankings in May, but that probably isn't as bad as it sounds, RealtyTrac Inc. says. "These are inevitable foreclosures that need to happen for the market to be completely healthy," said Daren Blomquist, a spokesman for the Irvine, Calif.-based listing firm. More at the South Florida Sun-Sentinel.
Miami Herald dedicates its new Doral headquarters
With the snip of a scissors, the Miami Herald Media Co.’s new Doral headquarters officially opened to the community Wednesday morning, capping a two-year transition from its longtime home on Biscayne Bay. The ribbon-cutting ceremony drew executives from Herald parent the McClatchy Co., and business leaders from South Florida. More at the Miami Herald.
Census: Florida has highest rate of seniors
New 2012 U.S. Census estimates released Thursday show that 18.2 percent of Floridians are over age 65, the highest rate of any state in the nation. Just under half of Sumter County's residents are over age 65, the highest share of any county in the nation. More at the AP.
Gov. Scott to showcase Florida aerospace, aviation in Paris
A planned three-day air traffic controller strike in France has forced Enterprise Florida to scramble in getting its trade mission advance team on flights to reach the International Paris-Le Bourget Air Show. However, the strike isn’t expected to impact the arrival of the bulk of the Florida delegation, led by Gov. Rick Scott, that departs for France on Friday. More at the Jacksonville Business Journal.
South Florida still under a cloud of foreclosures and negative equity
Even as South Florida’s housing market has posted impressive gains in prices and sales volume, new data on foreclosures and negative equity show the region is still in some ways digging out from the housing debacle. Corelogic reported that 40.7 percent of the mortgaged homes in the greater Miami area and 39.3 percent of those in the greater Fort Lauderdale area remained underwater in the first quarter. More at the Miami Herald.
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