The Federal Reserve's recent decision to cut interest rates will make borrowing cheaper for homeowners, but new data reveals the Tampa Bay area ranks fifth nationally among major metropolitan areas for foreclosure filings.

According to a November foreclosure market report from ATTOM, a real estate analytics company, more than 35,000 properties nationwide had foreclosure filings, representing a 21% increase from the previous year. In Florida alone, more than 2,800 properties began the foreclosure process in November.

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Tampa's ranking among metropolitan areas with populations exceeding one million has caught the attention of local real estate professionals, though they say the situation requires closer examination.

"Without having a crystal ball, I

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