Tag Archives: Palm Beach foreclosures

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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Palm Beach market update

Today we will take a look at the Palm beach, Florida residential market with charts of average sale prices, transaction volume, inventory and distressed properties.  Our first chart shows the average sale prices of houses in South Florida and you will see that Palm Beach led the pack in April with an average selling price […]

Posted in Foreclosure activity, Market Insight, Palm Beach foreclosures, Palm Beach real estate, Shadow Inventory, South Florida Real Estate | Also tagged , | Comments closed

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 are on the rise again in South Florida

To quote Yogi Berra:  “It’s like deja vu all over again.”   Monthly foreclosure filings are climbing in South Florida once again.  Years of artificially low interest rates have propelled prices higher, but there is still a large overhang of distressed properties.  Merely reflating real estate prices will not create a sustainable recovery.  Let’s take a […]

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A quick look at the distressed property market in Palm Beach County, Florida

We have a few good charts that will provide some insight to the distressed residential real estate market in Palm Beach County, Florida.  Our first chart shows the total number of residential foreclosure filings and the black line is the trend.  Although Palm Beach County has fared better than Miami-Dade and Broward County, you will […]

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South Florida’s faux housing recovery in two simple charts

Yes, things are improving so much in the South Florida residential real estate market that the new foreclosure filings are trending higher once again.  We are roughly six years after the housing bust and still wrestling with the same problems.  We will breakdown the data for each county over the next few days, but here […]

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South Florida residential market analysis with fun charts & data

It’s time again for our tri-county tour through the condo & single-family home market in Miami-Dade, Broward and Palm Beach County.  First things first, let’s look at the pace of the new foreclosure filings in the area:   Looking at the averages, here is the summary: In 2012, the monthly average of new foreclosure filings […]

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Charting the monthly foreclosure filings in South Florida

It looks like we have the February data in for all three South Florida counties.  Unless some new ones are added, here is how the trend is looking:   There were 5,833 new foreclosure actions filed through Miami-Dade, Broward and Palm Beach County in the month of February.  That is a noticeable drop from 7,870 […]

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Palm Beach and Miami-Dade County rejoined the South Florida foreclosure party in January

After taking a break in December, the banks got busy again filing foreclosure actions in Palm Beach and Miami-Dade courts in the month of January.  There were 7,870 new foreclosure actions filed in January 2014, up from 6,771 in December.  While Broward County had a strong December, it appears that they took their break in […]

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Rising inventories, interest rates, foreclosures and insurance costs should cap South Florida real estate prices for awhile

As an asset class, housing has been artificially supported by low interest rates and the backlog of foreclosures being withheld from the market for the past several years.  It now appears that the support legs may be kicked-out from under house and condo prices in South Florida.  A combination of new supply being added, rising […]

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