Real Estate News

Foreclosure rate falls in Miami-Dade County

A “for sale” sign lays on the ground in front of a foreclosed home in Homestead in 2009.
A “for sale” sign lays on the ground in front of a foreclosed home in Homestead in 2009. AP

Miami-Dade County’s foreclose rate continues to drop as the housing market heals.

The percentage of local homes in foreclosure fell to 3.85 percent in April 2015, down from 4.05 percent in March 2015 and 6.93 percent in April 2014, according to a recently released report by the property analytics firm CoreLogic.

The foreclosure rate in Miami-Dade, which was rocked by the financial crisis, is still higher than in Florida (3.04 percent) and the U.S. (1.33 percent), CoreLogic found.

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