Elevated Foreclosures Continue in Florida.
Foreclosures have fallen across the country, with REO inventory down nearly 30% by the end of the summer of 2016 according to CoreLogic. And completed foreclosures in the U.S. are now down 69% from the September 2010 peak. Here in Arizona our trustee’s sales have also plunged, and are now below monthly historical levels. But some markets continue to see elevated numbers of foreclosures. For example, Florida had 55,000 completed foreclosures in the 12 months ending in August 2016, the highest in the U.S.