Miami foreclosures

Residential foreclosures activity in Miami, Florida.  We monitor the monthly foreclosure filings, shadow inventory and distressed property transaction volume including REO and short sale transactions.

Year in review – 2018 foreclosures

Today we will do a year in review with a look at foreclosure filing activity throughout South Florida.  It’s crazy to think that ten years after the last housing bust, the delinquent mortgages still remain.  There have been a variety of foreclosure halts in South Florida over the last decade.  As a result, we continue to wrestle […]

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Going vertical

The chart of foreclosure filings in Miami is going vertical.  For the past several years we have seen condo towers going vertical across the city skyline without any concern for poor fundamentals in the residential real estate market.  Ten years after the last housing crash and South Florida appears to have some  issues piling-up once […]

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A tale of two markets

A tale of two markets is the title for today’s post.  We are noticing a large increase in foreclosure filings across South Florida while prices remain at multi-year highs since the financial crisis.  First, we will look at the foreclosure filings. A tale of distress The first chart today will highlight the monthly foreclosure filings […]

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Lofty numbers all around

Real estate prices remain lofty in South Florida as we move into the summer months.  The spring is usually an active season for transactions and prices are still holding up for now.  The average sale price of a single-family home in South Florida was down slightly to $521,886 and the average sale price of a […]

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Delinquent mortgages loans are still a problem the South Florida residential market

Delinquent mortgage loans continue to be a problem for the South Florida residential real estate market.  As we move through 2018, it sure looks like mortgage foreclosure filings are picking up steam.  For some reason local agents fail to mention the amount of distressed properties that continue to plague the South Florida market.  They like […]

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Mortgage foreclosure filings in South Florida

As we expected, mortgage foreclosure filings are ramping-up once again.  They were gaining momentum throughout 2017 until Hurricane Irma, when FEMA placed a 90-day hold on foreclosure filings.   That led to the annual “holiday hold”, so it looks like the banks are getting back in inaction.  Many of these cases have been lingering since the […]

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Changes in attitudes around the lower latitudes

Jimmy Buffet had a great song entitled “Changes in latitudes, changes in attitudes” and that is the theme of our post today.  Market sentiment often shifts several months (or longer) prior to any price correction and most individuals may not see the shift until long after a cycle turns.  During the last housing crisis, most […]

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Summertime spike in foreclosure activity

Foreclosure activity has been heating up in South Florida this summer and all three counties have seen a year over year increase in monthly filings.  The monthly average of new foreclosure filings has increased 60% in 2016 to 1,277 per month, while the monthly average was only 796 for 2015.  These filing numbers are a […]

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Transaction prices, inventory and a foreclosure update for the South Florida residential real estate market

Now that 2015 is in the books, it is time to take a look at the South Florida residential market data including Miami-Dade, Broward and Palm Beach County.  Our first chart today breaks down the single-family home sales by transaction type.  The median sale prices in December were as follows: Traditional sales – $320,000 Foreclosure […]

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South Florida Foreclosures: Don’t call it a comeback, they’ve been here for years!

The South Florida foreclosure problems are far from over.  Nearly six years after the housing bust we are still wrestling with properties in default.  The steady flow of distressed properties in this market will continue to be a problem over the next few years.  The good news is that all of these monthly filings aren’t […]

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