Industry NewsMarkets & Economy

Foreclosures rising in Miami, Seattle

Real estate brief
Published on Nov 5, 2008

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by CareyBot

While new foreclosure auctions in Los Angeles and New York City fell considerably between September and October, conditions appear to be worsening in Miami and Seattle, real estate data company reported Tuesday.

Miami saw a 93 percent jump in new foreclosure auctions between September and October, and Seattle experienced a 14 percent increase. Compared to a year ago, Miami foreclosures are up 35 percent and Seattle foreclosures up 108 percent.