Florida foreclosure activity declined by a dramatic 62 percent in the first quarter of 2011 from one year ago and decreased 47 percent from the previous quarter, although the state still posted the nation’s eight highest foreclosure rate with one in every 152 housing units with a foreclosure filing during the first quarter, data released Thursday from RealtyTrac Inc. show.
Florida accounted for nearly 9 percent of U.S. foreclosure activity, with 58,322 properties with a foreclosure filing during the first quarter.
The Orlando-Kissimmee metro area ranked No. 44 out of 50 states, with one in every 148 housing units with a foreclosure filing during the first quarter of 2011 and representing a decline of more than 70 percent from the first quarter of 2010 and a drop of over 55 percent from the previous quarter.
Tampa-St. Pete-Clearwater posted the nation’s lowest metro foreclosure rate, ranking No. 50, with one in every 158 housing units with a foreclosure filing.
Las Vegas continued to post the nation’s highest metro foreclosure rate (No. 1), with one in every 31 housing units with a foreclosure filing. The Reno-Sparks, Nev., metro area ranked No. 8, with one in every 54 housing units with a foreclosure filing.
