In the Phoenix and Scottsdale areas, mortgage delinquencies continue to fall, and the Phoenix foreclosure rate is steadily dropping. Improvements shown in February from the previous year’s rates are evidence that both the Scottsdale real estate market and that of the greater Phoenix area are indeed stabilizing. According to figures from CoreLogic, the Phoenix foreclosure […]
Foreclosures No Longer Control the Scottsdale Real Estate Market
In the last several years, foreclosures controlled the real estate market in Scottsdale and Phoenix. As foreclosures rose, Phoenix and Scottsdale home prices nose-dived. They were one of the key indicators to determine the health of Phoenix and Scottsdale’s housing market. Today, that’s not the case. Foreclosures have dropped to levels not seen since 2007. […]
Areas of Phoenix with the Most Foreclosures
The Arizona Regional MLS has just released its June report showing the geographic distribution of foreclosures across the valley. The areas with the highest concentrations of foreclosures are shown by large red dots. You can see clearly from the chart below that the majority of Phoenix foreclosures remain in the far corners of the valley. […]
Scottsdale Foreclosure Statistics for March 2012
My goal is to give you as much solid information as possible about current market conditions. I want you to make your decisions based on facts, not rumors. Here are the latest statistics for Scottsdale foreclosures 1. Active Notices of trustee sale for residential properties as of the end of February 2012 were 17,331 units. […]