The greater Miami area posted the nation’s highest foreclosure rate among large urban areas in February, as one in every 219 homes received some type of foreclosure filing, according to RealtyTrac.
The metro Miami area covers Miami, Fort Lauderdale and Pompano Beach.
Statewide, Florida showed the highest foreclosure rate in the nation for the sixth consecutive month in February, with one in every 282 homes logging some type of foreclosure filing during the month, the Irvine, Calif.-based data firm said.
RealtyTrac tracks default notices, scheduled auctions and bank repossessions.
Foreclosures continue to weigh down Miami neighborhoods
Most Popular Articles
Latest Articles
FTC bans noncompete clauses nationwide
The measure follows up on a 2021 executive order by President Biden, but one group has already vowed to challenge it in court.
-
New home sales still growing from 2022 lows
-
Guild Mortgage CEO on values, culture and M&A priorities
-
US Mortgage Corporation committed to reverse channel, new HECM head says
-
Labor Department announces new rule to shield retirement savings
-
loanDepot CEO talks ‘longer and tougher’ mortgage cycle, NAR settlement and cyberattacks