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Report Shows Miami Foreclosures Down Significantly

by James McClister

Miami foreclosures remain above national rates, but down significantly from 2013.

In January 2013, Miami foreclosure and 90-plus day delinquency rates were nearly double what they are today – triple in the case of foreclosures, actually – confirmed CoreLogic in its latest report.

Over the past 18 months, foreclosures in the city have continued dropping dramatically. However, the city’s July rate, which stood at 5.94 percent, was still well over the 1.66 percent national average.

The number of 90-plus day delinquencies has also dropped, falling nearly 9 percent year-over-year from 20.49 percent to 11.95 percent.

Check out our graph below, compiled using CoreLogic data, to see the full extent of Miami’s progress.

 

Foreclosures90+DayDelinquencies - Miami

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