The residential foreclosure rate in Florida, which has the highest percentage of delinquent mortgages in the U.S., declined to 6.2 percent in January, according to a report by CoreLogic Inc. That’s down from 10.1 percent from a year earlier.
Florida’s rate was triple the national average of 2 percent, according to the report by Irvine, California-based mortgage data and software company. Florida led the nation with 116,000 foreclosures completed in the 12 months through January, the company said in a separate report in February.
The foreclosure data indicate a rebound in the state housing market, which has declined for five years through the fiscal year ended June 30, as measured by property-tax revenue.
Topics Florida
Was this article valuable?
Here are more articles you may enjoy.
Electric Bills in Coal Country West Virginia Now Top Mortgage Payments 
US E&S Growth Slows Again; Declining Berkshire Volume Tops Leaders 
Connecticut High Court: Injured Rental Car Occupants Covered for Uninsured Motorist 
Viewpoint: Why Brokers Have Little to Fear and Everything to Gain From AI 
