Florida foreclosure rate drops; still leads nation

ORLANDO, Fla. (AP) — Foreclosure activity in Florida has decreased by 30 percent from the same time last year, but the Sunshine State continues to have the nation's highest foreclosure rate.

Foreclosure figures released Thursday by the research firm RealtyTrac show that 1 out of 469 Florida homes had a foreclosure filing last July.

That's more than two and a half times the national average.

Florida cities had eight out of the 10 highest metro foreclosure rates in July.

In the top spot was Ocala, followed by Orlando, the Space Coast, Lakeland, South Florida, Port St. Lucie, Tampa and Fort Myers.