Research says Florida foreclosures decline 37 percent

In the decade since the housing bubble burst, we’ve seen a nationwide struggle for stability. And things do so seem to be on a more even keel now. According to an article from Sarasota’s Herald Tribune, the number of foreclosures in the state was down 37 percent. In the 12-month period that ended in March, […]

In the decade since the housing bubble burst, we’ve seen a nationwide struggle for stability. And things do so seem to be on a more even keel now. According to an article from Sarasota’s Herald Tribune, the number of foreclosures in the state was down 37 percent.

In the 12-month period that ended in March, data provider CoreLogic calculated that mortgage lenders had 69,162 foreclosures in Florida, which is 41,235 fewer than the numbers released in 2015.

The decline is a positive, though Florida still is in the top spot nationwide in foreclosure numbers and was responsible for nearly 15 percent of all foreclosures in the U.S.

The May 16 Herald-Tribune article cites Anand Nallathambi, president/CEO of CoreLogic, “Delinquencies and foreclosure rates are now at pre-crash levels as the benefits of higher home prices, improving economic fundamentals, and years of cautious underwriting are being felt across the country.”

Florida’s foreclosure inventory stood at 2.1 percent in March, the fourth-highest level in the U.S., CoreLogic said. Nationwide, completed foreclosures have dropped by 15 percent and the foreclosure inventory is down by 23 percent. Read more in the Herald-Tribune.

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