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South Florida

Florida foreclosure inventory dips slightly

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Florida’s foreclosure inventory fell slightly in September compared the same month in 2011, with a 0.9 percentage-point drop year-over-year, according to data released by real estate analytics firm CoreLogic. There were approximately 92,401 foreclosures completed from September 2011 to September 2012, according to the report. Approximately 11.5 percent of homes with a mortgage in Florida were in foreclosure in September. Nationally, foreclosure inventory saw a 0.2-percentage-point drop in the same period. In the United States, 3.3 percent of homes with a mortgage were in foreclosure in September. “The continuing downward trend in foreclosures, along with a gradual clearing of the shadow inventory are signs of stabilization and improvement in the housing market,” said Anand Nallathambi, president and CEO of CoreLogic. — Alexander Britell

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