It’s no secret that foreclosures have been a hot topic lately, and the latest report from Attom shows South Florida isn’t escaping the heat. While the rest of the country saw a slight dip in foreclosure filings, South Florida is moving in the opposite direction with numbers creeping up.
According to the report from property data company Attom, foreclosure filings nationwide dropped by 2% in the third quarter of 2024 compared to the previous quarter and saw a 13% decline from last year. But in the Miami-Fort Lauderdale-West Palm Beach metro area, the story’s different. In Q3 2024, there were 2,842 properties with a foreclosure filing in the region, marking a 3.57% increase from the previous quarter and a 5.03% jump from the same time last year. That puts South Florida in the fourth spot for the most foreclosure filings among large U.S. metro areas.
Within the tri-county area, Broward County is leading the charge, with 1,059 properties under foreclosure—a 7.29% increase year-over-year. That means one out of every 812 properties in Broward is facing foreclosure.