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Friday, Dec 19, 2014
Business News

Tampa-area foreclosures continue decline

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While Florida’s foreclosure rate has dropped 30 percent since July 2013, it remains the highest rate in the nation. Regionally, one in every 448 houses was in some stage of foreclosure in July, down 25 percent from July 2013.

Florida’s foreclosure rate last month was two-and-a-half times the national average. One in every 469 housing units in the state had a foreclosure filing in July, according to RealtyTrac’s July Foreclosure Market Report.

This is the 10th consecutive month that Florida has posted the highest foreclosure rate in the nation, despite the big drop since last year.

A total of 49,624 U.S. properties started the foreclosure process for the first time in July, a 5 percent increase from June, but still down 18 percent from a year ago. This was the 24th consecutive month with a year-over-year decrease in U.S. foreclosure starts, according to RealtyTrac.

In Hillsborough County, one in every 450 homes, or 0.22 percent of all housing units were involved in foreclosure proceedings in July. In Pinellas County, it was one in every 586 house units, or 0.17 percent, with one in every 307 units in Pasco County, or 0.33 percent, and one in every 373 in Hernando County, or 0.27 percent, according to RealtyTrac.

Florida accounted for the eight highest foreclosure rates in metropolitan statistical areas with 200,000 or more population in July, with Ocala taking first place, with one in ever 296 houses with a foreclosure filing. That is four times the national average.

Tampa-St. Pete-Clearwater came in seventh in that list, with Lakeland coming in at No. 4, with one in every 407 housing units with a foreclosure filing.

yhammett@tampatrib.com

(813) 259-7127

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