FLORIDA (CBSMiami) – Florida’s foreclosure crisis refuses to ease up, according to new data.
Monthly figures released Wednesday indicate Florida led the nation in January – the fifth month in a row – in the percentage and total number of properties in foreclosure, the News Service of Florida reports.READ MORE: Miami Weather: Arctic Air Moves In For Weekend Freeze
Florida had the highest rate of foreclosures in the nation for the month, with one in every 300 Florida housing units under some type of foreclosure filing. That’s more than twice the national average and 20 percent higher than a year earlier.
Florida also had the dubious honor of bypassing California for the total number of foreclosure filings for the month, marking the first time that California has been out of the top spot since 2007.READ MORE: No A/C Needed This Weekend, But Maybe Check Your Heater
Miami-Dade, Broward and Palm Beach counties accounted for the bulk of homes under foreclosure.
Nationally, the number of foreclosures dropped 28 percent in January from the year before.MORE NEWS: Shelters Opening In Miami-Dade, Broward To Protect Homeless In Weekend Cold Snap
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