Phoenix still near top in home foreclosures

Phoenix ranked fifth nationwide for foreclosures among major U.S. markets between May 2013 and May 2014, according to new data from the CoreLogic real estate research firm.
The Valley had more than 9,700 foreclosure during the 12-month period, trailing only Atlanta, Tampa-St. Petersburg, Florida, Orlando and Chicago.

Despite a falling foreclosure and delinquent mortgage rate, Phoenix still had more repossessed homes than Dallas, Los Angeles, Seattle and Washington.
The most recent numbers from CoreLogic show the foreclosure storm subsiding and moving to states such as Florida, Georgia and Michigan.

Two percent of Phoenix mortgages were 90 or more day delinquent in May — down from 3.2 percent a year ago.
The seriously delinquent rate in Phoenix was 17 percent during the depth of the recession, according to analysis by the Atlanta Regional Commission.

Nationally, the seriously delinquent home loans and foreclosure rate on existing mortgage was 4.4 percent and 1.7 percent, respectively.The same two indicators come in at 2 percent and 0.5 percent in the Valley and 2.2 percent and the same 0.5 percent statewide.
The May numbers also show Florida and Michigan with the most foreclosures over the past twelve months among U.S. states.
Foreclosures (May 2013 to May 2014)

*GOD Speed*
http://www.tomurazrealtor.com
http://www.successudeserve.com

Advertisements

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out / Change )

Twitter picture

You are commenting using your Twitter account. Log Out / Change )

Facebook photo

You are commenting using your Facebook account. Log Out / Change )

Google+ photo

You are commenting using your Google+ account. Log Out / Change )

Connecting to %s

%d bloggers like this: