The Real Deal Miami

Miami-Dade foreclosure rate trends lower

Foreclosed inventory dropped to 3.85% in April from 6.93% a year earlier

June 28, 2015 12:00PM

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The home foreclosure rate in Miami-Dade County is trending lower, real estate research firm CoreLogic reported.

The percentage of Miami-Dade homes in foreclosure dropped to 3.85 percent in April from 4.05 percent in March and 6.93 percent in April 2014.

Irvine, California-based CoreLogic also reported that Florida had 105,896 completed foreclosure cases in the last 12 months, the largest number among the 50 states. The Tampa Bay area including Tampa, St. Petersburg and Clearwater had 16,664 completed foreclosures, the largest number among all U.S. metropolitan areas.

CoreLogic calculations for April show that 3.1 percent of Florida homes were in foreclosure and 6.7 percent of Florida home owners were mortgage debtors in “serious delinquency.” [Miami Herald] – Mike Seemuth

  • Martin Diaz Alvarez

    Positive improvement for the real estate market here in Miami.