Mortgage News

South Florida has sixth highest rate of foreclosure in U.S.

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"South Florida is still an affordable market and a bargain when compared to other major cities. Low interest rates and prices moderating. and health industries." Home price appreciation outpaces.

The state also has the fourth lowest rate of violent crimes and the sixth. highest in the country. Virginia is the highest-ranked state in the southern U.S., largely because it does not suffer from.

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Rounding out the top 10 states with the highest foreclosure rates were Florida (0.72 percent); South Carolina (0.70 percent); Ohio (0.70 percent); Nevada (0.67 percent); and New Mexico (0.63 percent).

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“The growth in [foreclosure] share is really in South Jersey.” Newman has been tracking lending and foreclosure trends in the state for a decade, and much of her data can be viewed online. New Jersey.

With one in every 282 homes receiving a foreclosure notice last month, Florida’s foreclosure rate was more than three times the national average, according to a report from the market research.

South Miami-Dade’s population, just over 300,000 in 1990, has since grown to nearly 528,000, according to U.S. Census Bureau figures. In the Great Recession, Homestead had one of the highest.

Last year, there were foreclosure filings on 676,535 U.S. properties, a 27 percent decline from 2016. That’s a 76 percent drop from a high of 2.9 million in 2010, and the lowest foreclosure rate.

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U.S. Real Estate Trends uses RealtyTrac to learn more about local foreclosure trends at RealtyTrac. Includes local state and local foreclosure market information and statistics.

U.S. Real Estate Trends > Florida. Florida Real Estate Trends & Market Info.. The current distribution of foreclosures based on the number of active foreclosure homes in Florida. Pre Foreclosures.. The number of new foreclosure filings compared to the 30-year interest rate. Foreclosure.