James Foxx's (jamesfoxx) Blog

Foreclosures in Orlando contributed to the downgrading of the city’s tax revenue bonds for tourism development by Fitch Ratings. According to Fitch, the downgrades reflected the sharp drops in pledged revenue in the past two fiscal years. Tourism development tax revenues fell by 15.5 percent in f...

Foreclosures in Albuquerque surged in January, as mortgages in the city reset to higher rates and the unemployment rate climbed up, according to local researchers and analysts. The percentage of foreclosures in the city rose to 2.4 percent of all residential properties in the area, up from the Ja...