South Florida still leading the nation in foreclosures

Posted on Thursday, December 12th, 2013 at 12:43pm.

Despite the improving real estate market conditions, South Florida had the most foreclosure activity of any large metropolitan area in the nation last month.

Yet, Irvine, Calif.-based RealtyTrac says foreclosure filings are dropping in the region and statewide, the Miami Herald reported. One of every 244 homes in Miami-Dade County was in some stage of foreclosure last month, a decline of nearly 18 percent from November 2012. One of every 400 homes in Broward County fell in the same category for a 16 percent drop from a year ago.

Florida had a 23 percent year-over-year decline in foreclosure activity last month.

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