RealtyTrac: Florida foreclosure activity down 17%

But the third-quarter report also ranked Florida's foreclosure rate second in the nation

TRD MIAMI /
Oct.October 18, 2015 04:00 PM

Foreclosure activity in Florida dropped 17 percent in the third quarter, compared with the same period last year, according to RealtyTrac.

But after top-ranked Nevada, Florida still had the second-highest foreclosure rate in the third quarter, one of every 186 housing units has a foreclosure filing.

RealtyTrac also reported that five metropolitan foreclosure rates in Florida rank among the 10 highest nationwide: one in every 153 housing units in Jacksonville, one in every 155 in Daytona Beach, one in every 162 in Tampa and in Miami, one in every 176 in Lakeland, and one in every 179 in Ocala.

The biggest declines in third-quarter foreclosure activity among the 20 biggest metropolitan areas included a 16 percent decline in Miami.

Mike Pappas, CEO and president of Keyes Realty, said in a prepared statement that “the South Florida real estate market is back to normal after a 10-year roller coaste ride.”


Related Articles

arrow_forward_ios
Bayside Marketplace is planning another high-rise entertainment venue with a view

Bayside Marketplace is planning another high-rise entertainment venue with a view

Co-working space operator picks up low-rise office building in Edgewater for $20.6M

Co-working space operator picks up low-rise office building in Edgewater for $20.6M

Co-living development for the creative class is coming to Wynwood

Co-living development for the creative class is coming to Wynwood

Miami city commissioners approve rezoning for mixed-use Blue Lagoon development

Miami city commissioners approve rezoning for mixed-use Blue Lagoon development

Home-value estimator Zillow expands service that puts money where its mouth is

Home-value estimator Zillow expands service that puts money where its mouth is

Frequency of bidding wars declines nationwide: Redfin

Frequency of bidding wars declines nationwide: Redfin

(Credit: iStock)

Locals create a buzz during Art Basel in Miami for works on climate change

Chris "Birdman" Andersen (Source: Wikipedia)

Former Heat player Chris “Birdman” Andersen lists two Miami condos for sale

arrow_forward_ios
Loading...