Is Florida real estate bubble about to burst?

[samhexum]

https://www.realtor.com/news/trends/foreclosure-rate-us-2025-data-attom/?cid=psc_nyp_syndication_trends_foreclosure-rate-us-2025-data-attom
 

 

Realtor.com/Getty Images

Foreclosures continued to rise last year, with Florida leading the nation, although mortgage defaults remain fairly low relative to historic levels.

In 2025, foreclosure filings were reported on 367,460 U.S. properties, up 14% from 2024 but still 25% below 2019, before pandemic disruptions altered the dynamics of the housing market, according to year-end data from real estate analytics firm ATTOM.

Florida had the highest foreclosure rate of any state last year, with foreclosure filings on 0.44% of residential properties in the Sunshine State. Following were Delaware(0.42%), South Carolina (0.41%), and Illinois (0.40%).

Edited 3 hours ago by samhexum
because?????

[EZEtoGRU]

How is the condo crisis currently playing out in Florida?  Is that the segment where a lot of the foreclosures are occurring?  12 months ago, there was lots of talk about the condo crisis in the older buildings in South Florida where upgrades and improvements were being required.  Special assessments were devastating many condo owners who didn't have the funds to pay.  It was said at the time, some were going to lose their condos and a glut of units would go on the market...likely bringing down prices in that segment of older structures.  I'm curious how that has played out.