Broward Foreclosure Filings Analysis
Below is an analysis of Broward County Foreclosure filings for the week ending March 29, 2013. To find more detailed information about an individual homeowner's foreclosure case you can do a public case search by using this database provided by the Broward County Clerk of Court.
Information compiled from the Broward County Official Records.
Analysis (Updated week-ending March 29, 2013):
Week over Week: Broward County Foreclosures bounced up and down the last 3 weeks to close out March. Foreclosures dropped by 257 after rising by 250 the week before.
Month over Month: March's filings exceeded February's filings by 775. With February's filings lower than January's, it is apparent that the fluctuation in Broward County forclosure filings give clear indication property foreclosure rates are still unstable.
Year over Year: This March posted lower foreclosure filings than last year in 2012, 2,565 in 2013 compared to 2,930 in 2013.
As we commented earlier - each of the past seven years February's filings from January's have been been a strong barometer for where the year is headed. Except for one time, when February's filings were higher than January's, the year's filings ended higher than the year prior. When February's filings were lower than January's, the year's filings ended lower than the year prior. However, in the years March followed February with a rise in filings, 2012, 2010 and 2009, year total filings went up from the prior year. So March is a close month to follow as the 1st Quarter is a strong indicator.
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