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Bloomberg Business Week: Florida’s Swing Counties Mired in Foreclosures
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As the U.S. housing market digs out of the rubble left by record foreclosures and home price declines, there’s little evidence of recovery in one place where it counts most: The campaign battleground of Florida.
The BGOV Barometer shows the situation is particularly dire in five swing counties where voters could determine which presidential candidate wins the crucial state.
In the central Florida counties of Hillsborough, Orange, Pinellas, Seminole and Volusia, the foreclosure rate averages 11 percent, compared with the national rate of 3.4 percent, according to data provider CoreLogic Inc.
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