Advertisement
  1. News
  2. /
  3. Real Estate

Tampa Bay’s foreclosure rate dips below 1 percent

Fewer bay area residents are seriously delinquent on their mortgages.
Tampa Bay's foreclosure rate is above the national average, but still below one percent. [DAVID ZALUBOWSKI | AP]
Published Oct. 8

Tampa Bay’s foreclosure rate remains slightly higher than the national rate, but is still less than one percent. As of July, the percentage of homes in some stage of foreclosure was 0.4 percent nationally, the lowest for any month since at least January 1999, according to the real estate data firm CoreLogic. In the Tampa Bay area, 0.8 percent of homeowners had been served with foreclosure notices.

The percentage of bay area homeowners who were "seriously delinquent'' — at least 90 days late — on their mortgage payments in July dipped to 1.7 percent from 2.9 percent. And the percentage who were late by more than 30 days dropped to 4.1 percent from 5 percent.

ALSO IN THIS SECTION

  1. Casey Cane, chairman of the Pinellas County Housing Finance Authority. Pinellas County
    An inspector general’s report says he also engaged in "unethical behavior'' as a contractor.
  2. Tampa Bay homeowners are now able to sell their homes to Zillow. Zillow
    It joins Opendoor and Offerpad in making "instant'' offers.
  3. The microbrewery Double Branch Artisanal Ales is the first tenant signed at The Grove after the acquisition of the Wesley Chapel shopping center last month by Mishorim-Gold Properties for nearly $63 million. Double Branch Artisanal Ales.
    Mark Gold wants The Grove at Wesley Chapel to become the community’s downtown
  4. 580 Corporate Center in Oldsmar Jones Lang LaSalle Capital Markets
    The six-building center is 91 percent occupied.
  5. The Doc Webb house, which became a point of contention over its historic status. LUIS SANTANA  |  Tampa Bay Times
    The City Council will vote on amended regulations about third-party designation meant to quell verbal and legal skirmishes over historic preservation
  6. A South Florida developer plans a condo tower on the parking lot between the Northern Trust building, left, and the Hilton St. Petersburg Bayfront. SUSAN TAYLOR MARTIN  |  Susan Taylor Martin
    South Florida company plans a 35-story tower next to a Hilton hotel.
  7. An image from the web site of Realtor Michael Schaffer's real estate company. [Realty Resources] WWW.TAMPABAYHOMEREALTOR.COM/TEAM  |  Screen grab
    Michael Schaffer still has active listings
  8. The home of Daniel Schuh, 82, once a well-known St. Petersburg lawyer, at 2420 Driftwood Road SE, is being demolished. Built in 1939 and since expanded and renovated, it was considered a contributing property to the recently approved Driftwood Historic District. SCOTT KEELER  |  Tampa Bay Times
    Preserve the 'Burg considers establishing a revolving fund to buy and save endangered historic properties
  9. Alexandra Toigo, 32 and Sabrina Pourghassem, 23, pose for a photo at Hofbrauhaus St. Petersburg holding their signature beer mugs during Oktoberfest 2018. "LUIS SANTANA  |  TIMES"  |  Tampa Bay Times
    The beer hall’s property owners filed a lawsuit saying the restaurant missed its rent starting in August.
  10. The 40-year-old Fire Station on Franklin, which could be the future site of an affordable housing development -- if the city's developer can win some major tax credits. Clearwater Fire & Rescue
    But the proposed complex on land controlled by the city will need to win $17 million in tax credits to become a reality.
Advertisement
Advertisement
Advertisement