At the end of the third quarter in 2008, Florida had the highest mortgage delinquency rate in the country, with 7.8% of mortgages delinquent at least 60 days. A 2009 list of national housing markets that were hard hit in the real estate crash included a disproportionate number in Florida. The early 21st-century building boom left Florida with 300,000 vacant homes in 2009, according to state figures. In 2009, the US Census Bureau estimated that Floridians spent an average 49.1% of personal income on housing-related costs, the third highest percentage in the country.

What was the mortgage delinquency rate in 2008