Florida home prices forecasted to keep pace through 2016

  • Loan originations declined by 60 percent since 2005, when there were 11.7 loan applications for single-family homes.
  • Annual change reported in April was 7.7 percent and prices are forecasted to increase by another 7.1 percent in Florida by next year.
  • The Sunshine State is home to one of the nation's highest foreclosure rates, at 2 percent of homes.

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CoreLogic’s June report finds that loan refinancing doesn’t make sense for a lot of current homeowners in the U.S.

Forecasts predict mortgage rates will increase this year, so CoreLogic used its data to determine refinancing conditions, mortgage denial rates and the overall health of the housing market throughout the nation.