A housing market slowdown, coupled with a credit crunch, have put the brakes on home sales in some market areas, which has led to an increase in foreclosures nationwide.

Data company RealtyTrac reported recently that U.S. foreclosure activity grew 93.4 percent in July 2007 compared to the same month last year, to a rate of one foreclosure filing for every 693 households.

58% Florida homeowners said in a survey, they think the value of homes in their community will rise over the next 12 months, despite indications that the state's five-year housing boom is ending. Home sales in Florida fell 24 percent in May from the previous year, according to the Florida Association of Realtors, and median home prices were up 11 percent from the same month last year.

National Association of Hispanic Real Estate Professionals (NAHREP) NAHREP is a mission-driven organization that is dedicated to increasing homeownership in the Hispanic community.