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South Florida Real Estate Trends: Which Areas Have The Most Foreclosures
The Miami-Dade region has been regarded by many to be the epicenter of Florida's mortgage foreclosure crisis. In a survey done in 2007 by Money Magazine, it listed 33,160 foreclosures, including those in all of Sunny Isles and Golden Beach, and in some small areas of Aventura and North Miami Beach, and ranked it as the area with the most number of foreclosures in Florida, placing second only to Atlanta in the southeastern United States. The Money Magazine durvey also states that North Miami-Dade zip code even entered the national top 20, with having 480 foreclosures filed in the first half of this year. Foreclosure Levels In Other Areas Of Miami-Dade The Money Magazine analysis also stated that other local zip codes which made the nation's top 500 in terms of foreclosure activity, included parts of Brickell, a patch of unincorporated area south of Metrozoo, South Beach, and Homestead. The state of Florida has 72 zip codes included on the list, and most of them are located in South Florida. In June the region had 2175 foreclosure filings. That was up 167 percent from the same month last year. Sunny Isles Beach was once anything but. The area was founded in ... more
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