The Real Deal Miami

Florida home loans lag nationwide market

December 29, 2011 02:22PM

The average loan amount on homes in Florida was $210,334 this year,
according to a report by LendingTree.com. That number is far outpaced by
areas like Washington, D.C., which has an average loan amount of
$393,453 and Hawaii, which leads the U.S. with an average loan of
$677,299. Despite the low average loan amount, Florida’s foreclosure problems
continue. [SFBJ]