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As of May 2016, Florida’s foreclosure inventory was at 1.9 percent, and its serious delinquency rate was 4.4 percent, both of which are higher than national averages, according to CoreLogic’s May 2016 National Foreclosure Report.
The second quarter of the year was a banner one for several parts of South Florida’s luxury real estate market, according to Douglas Elliman’s Q2 report. Prices reached record highs, but inventory began to expand and days on market increased.
Despite the all-cash disclosure rules active between March and September 2016 in Miami, the National Association of Realtors says Florida remained one of the biggest international buyer destinations over the last year.
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