from Florida Realtors
Florida again led the nation with the highest percentage of homes in foreclosure in April, a new report finds.
The state’s foreclosure inventory — those in some stage of foreclosure — extended to 9.5 percent of all mortgaged homes, more than three times the national average.
Florida also reported the highest number of completed foreclosures over the past year with 101,614, according to real estate data provider CoreLogic.
The Tampa-St. Petersburg-Clearwater region posted the highest foreclosure inventory, at 9.9 percent, among the nation’s 25 largest metro areas. That was down from 10.2 percent in March.
Orlando-Kissimmee-Sanford was second highest at 9.5 percent, a decline from 9.7 percent the previous month.
The Florida rates stand in stark contrast to those of the U.S. overall.
Nationwide, 2.8 percent of all mortgaged homes were in foreclosure in April, the same level as the prior month but down from 3.5 percent one year earlier.
A total of 723,131 foreclosures were completed in the past year, with 14 percent of them in Florida, CoreLogic said.