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CoreLogic: Foreclosure Inventory in Florida Down 36.5%

by Peter Thomas Ricci

The nation’s foreclosure marketplace continued to improve, according to the latest analysis from CoreLogic.

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Florida continues to make progress with its foreclosure marketplace, according to the latest National Foreclosure Report from CoreLogic.

Covering housing data through Nov. 2013, CoreLogic’s report had many good things to report for Florida: not only did foreclosure inventory fall a whopping 3.8 percentage points in the last 12 months, from 10.4 percent of all mortgaged properties to 6.6 percent (that’s a decline of 36.5 percent), but Florida also had the most completed foreclosures of any state in that time period with 114,654.

The two caveats? The foreclosure inventory in Florida is still the largest in the nation, and the seriously delinquent rate is still a mammoth 11.3 percent, so even when the foreclosure inventory declines, there are still quite a few properties waiting to fill the void.

Interested in how our local market compares with the rest of the nation? Check out our infographic below for some perspective on the larger trends at work:

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