The Real Deal Miami

South Florida leads nation in foreclosures

But RealtyTrac report shows activity declines in region

December 12, 2013 12:00PM

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foreclosureDespite its improving real estate market conditions, South Florida had the most foreclosure activity of any large metropolitan area in the nation last month.

Yet, Irvine, Calif.-based RealtyTrac says foreclosure filings are dropping in the region and statewide, the Miami Herald reported. One of every 244 homes in Miami-Dade County was in some stage of foreclosure last month, a decline of nearly 18 percent from November 2012. One of every 400 homes in Broward County fell in the same category for a 16 percent drop from a year ago.

Florida had a 23 percent year-over-year decline in foreclosure activity last month.

RealtyTrac includes initial defaults, scheduled auctions and lender repossessions in its monthly reports. [Miami Herald]Eric Kalis

  • shandrabanker

    i dont know if this is real deals fault or not but how come one day there is news on florida booming in real estate and we are number 1 in america, and ten we have a follow up with number 1 forclosures and a crash is about to happen lol. MAKE UP YOUR MIND.