Foreclosures dip in Florida

Even though Florida's foreclosure rate has dropped -7% in the last quarter, we still lead the nation as their activity has also dropped. There were about 70,000 housing units that had foreclosure activity in the July-September period. Eight of the 10 highest foreclosure rates were in Florida cities. The average foreclosure in Florida takes 929 days. Banks filed about 1,000 Tampa Bay foreclosures in the period, about half their average since 2011.