RealtyTrac, Inc., a firm that tracks foreclosures, said Florida had the most foreclosure activity than any other state in the US during May 2013. One in every 303 homes was in involved in a foreclosure filing.
Palm Beach county had one in every 286 homes being in foreclosure activity during May 2013, according to RealtyTrac, Inc. Broward county had one in every 317 homes involved in foreclosure activity, according to RealtyTrac, Inc. during May 2013. Miami-Dade was only one in every 143 homes being involved in foreclosure activity, according to RealtyTrac, Inc. during the timeframe.
The Florida foreclosure numbers were almost three times more than the national average, according to the RealtyTrac, Inc. report.
As we have discussed in previous posts, there is a dearth of inventory in the local market right now. An increase in homes hitting the market might help to balance out the supply and demand equation.
I take an analytical approach to buying, selling and leasing real estate. I work with families, people looking for a rental home, a second home, investors, etc. As a Realtor, I am aware of trends in the domestic market, as well as in the local markets throughout South Florida. If you are thinking of selling or buying a home, please feel free text me or call me at 561-247-3550.
For free home searches, please text me your name, e-mail address and phone number or visit my Web-site at http://homes.MYsouthFLrealestate.com
Michael Friedman
Realtor, Certified Distressed Property Expert (CDPE)
Member of Who's Who in Luxury Real Estate
Lang Realty
561-247-3550
An Analytical Approach To Buying, Selling and Leasing Real Estate
http://MYsouthFLrealestate.com
The greatest compliment you can give is the referral of your friends and loved ones
Boca Raton FL real estate for sale and surrounding areas including real estate properties for sale in: Belle Glade, Boca Raton, Boynton Beach, Bryant, Canal Point, Dania, Deerfield Beach, Delray Beach, Fort Lauderdale, Hallandale, Hialeah, Hobe Sound, Hollywood, Indiantown, Jupiter, Key Biscayne, Lake Harbor, Lake Worth, Loxahatchee, Miami, Miami Beach, North Miami Beach, North Palm Beach, Opa Locka, Pahokee, Palm Beach, Palm Beach Gardens, Pembroke Pines, Pompano Beach, South Bay, West Palm Beach, Lang Realty
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