The Florida housing market has made considerable strides in the last year, according to CoreLogic’s latest MarketPulse.
Home foreclosures in the Florida housing market are down 54.2 percent from their peak, according to the latest MarketPulse report from CoreLogic, which covered housing data through 2013.
Other important findings from the MarketPulse report included:
- Total sales in Florida were up 12.4 percent in 2013, with distressed sales making up 25.8 percent of all purchases; though relatively high, that’s down from 29.6 percent from 2012.
- Home prices, meanwhile, rose 9.9 percent from 2012 to 2013, but they remain 37.6 percent below their boom-era peak.
- Of the area’s mortgage properties, 11.2 percent are still seriously delinquent, though that’s down 32.1 percent from 2012; also, though 2013’s third quarter, 28.8 percent of mortgaged properties were in negative equity, and there remains a 7.3-months supply of distressed homes.
How did our market compare with CoreLogic’s national findings? See our graphic below for some perspective: