There is mixed news for South Florida's real estate market when it comes to the foreclosure picture.

RealtyTrac Vice President Daren Blomquist says the bad news is that the Miami metro area, which includes Miami-Dade, Broward, and Palm Beach Counties, continues to have one of the highest foreclosure rates in the country -- second in the nation.

But, Blomquist says there is some good news in the first quarter report.

Rates are going down.

There have now been four consecutive months of decreased foreclosure filings in the Miami-Fort Lauderdale-Palm Beach area.

Blomquist says that's a solid sign that the area's real estate market is headed in the right direction.