Reports: Foreclosure rate remains high in Florida despite decrease from 2014…and more

In Florida: one in every 570 units had a foreclosure filing

TRD MIAMI /
Mar.March 19, 2015 09:45 AM

Florida sees third highest foreclosure rate in US in February: RealtyTrac

Florida’s foreclosure rate in February remains high — the third highest behind Maryland and Nevada — despite a 35 percent decrease in foreclosure activity from a year ago. One in every 570 units had a foreclosure filing.

Nationwide, foreclosures are down 4 percent from January and 9 percent from a year ago, the lowest since July 2006.

“Given that August 2006 was the peak of the housing bubble, this eight-and-a-half year low in foreclosure activity is a significant milestone and a sign that nationwide foreclosure activity is on track to return to historic norms this year — and is possibly even headed below historic norms given the skinny-jeans-tight lending standards over the past five years,” RealtyTrac Vice President Daren Blomquist said in a press release.

Miami has fourth highest year-over-year increase in sales prices: RE/MAX National Housing Report

Median residential sales prices increased by more than 15 percent in Miami from February 2014 to February of this year. Detroit, Michigan; Manchester, New Jersey; and Trenton, New Jersey were ahead of South Florida.

Across the county, the median sales price has risen for 37 consecutive months, according to the report.


Related Articles

arrow_forward_ios
Lord Balfour Hotel

Mezz lender forecloses on Ocean Drive hotel in South Beach

Mezz lender forecloses on Ocean Drive hotel in South Beach
Josh Zegen of Madison Realty Capital and 777 North Ocean Drive, Hollywood (Google Maps)

Madison Realty closes on Costa Hollywood Beach condos for $43M

Madison Realty closes on Costa Hollywood Beach condos for $43M
3601 North Miami Avenue with Francisco Arocha

Midtown Miami development site in foreclosure hits the market

Midtown Miami development site in foreclosure hits the market
Florida Gov. Ron DeSantis (Credit: Joe Raedle/Getty Images)

Florida allows eviction moratorium to expire

Florida allows eviction moratorium to expire
Kelly Beam, Ricky Trinidad , and 3265 Bird Avenue (Credit: Google Maps)

Miami developer Metronomic files for bankruptcy

Miami developer Metronomic files for bankruptcy
Sofia Joelsson and Lee Ann Edwards

Movers & Shakers: Interior designer joins Douglas Elliman team & more

Movers & Shakers: Interior designer joins Douglas Elliman team & more
Susan Gale and Variety Miami Beach

Miami Beach hotel facing foreclosure hits market for $37M

Miami Beach hotel facing foreclosure hits market for $37M
Gov. Ron DeSantis extended the moratorium on residential evictions and foreclosures in Florida to October 1st (Credit: iStock)

Florida extends evictions and foreclosures ban to October

Florida extends evictions and foreclosures ban to October
arrow_forward_ios

The Deal's newsletters give you the latest scoops, fresh headlines, marketing data, and things to know within the industry.

Loading...