Arizona falls from #3 to #4 in the National Foreclosure Market

By
Real Estate Agent with RE/Max Infinity - www.AmySellsAZ.com DRE# SA528757000

foreclosures arizonaIn July 2009, Arizona ranked as the third highest foreclosure state in the Nation.  However following a 10% month-to-month decline, Arizona fell to fourth place according to RealtyTrac.com, in its August 2009 Foreclosure Report.

#1 Nevada holds the dubious distinction of having the highest foreclosure rate in the Nation with one in 62 housing units receiving a foreclosure filing in August 2009 for a total of 17,902 properties (6.7 times the National average)

#2 Florida ~ one in every 140 housing units receiving a foreclosure filing (62,401 properties in August).

#3 California ~ one in every 144 housing units receiving a foreclosure filing (92,326 properties in August) despite continuous declines in foreclosure filings.

#4 Arizona ~ one in every 150 housing units receiving a foreclosure filing (which is still more than twice the national average).

The 6 states rounding out the top ten based on number of foreclosure filings per housing unit are:

Michigan; Idaho; Utah; Colorado; Georgia; and Illinois

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Amy_Jones_Realtor

Amy Jones, REALTOR®, CNE, EPro,CDPE, CSSPE
RE/Max Infinity ~ 2450 S. Arizona Avenue ~ Chandler, Arizona 85286
Direct 480-250-3857 

RE/Max InfinityChandler, Sun Lakes, Gilbert, Tempe & Ahwatukee Real Estate

Voted Chandler's BEST REALTOR for 3 years!

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Rainmaker
828,216
Tim Lorenz
TIM LORENZ - Elite Home Sales Team - Mission Viejo, CA
949 874-2247

I think that is a very good thing keep moving in that direction

September 27, 2009 12:53 PM #1
Rainer
40,537
Jane Penttinen
V.I.P. Mortgage - Tucson, AZ
NMLS #222178

YIPPEE FOR US!!!!!  One day we will be taken off the declinging markets list - until then, hang on to your seats.  There's still a few bumps left in the road.

September 27, 2009 12:55 PM #2
Rainer
165,651
Sharon Senger
The British Virtual Assistant - Seattle, WA
Licensed Transaction Coordinator

Amy,

Thank you for posting this information and I am sure the sellers in Arizona are glad to hear this news.

 

September 27, 2009 12:56 PM #3
Rainmaker
230,740
Candice A. Donofrio
Next Wave RE Investments LLC Bullhead City AZ Commercial 928-201-4242 - Fort Mohave, AZ
928-201-4BHC (4242) call/text

We're coming back strong, Amy. :)

September 27, 2009 01:01 PM #4
Rainer
104,030
Debbie Aldrich
The Watts Group Real Estate - Cottonwood Heights, UT
Salt Lake City Realtor - Salt Lake County, Cottonwood Heights

Amy

One day this will not be so prevalent; I hate to see families and people suffer.

September 27, 2009 03:15 PM #5
Rainmaker
480,028
Amy Jones Group
RE/Max Infinity - www.AmySellsAZ.com - Chandler, AZ
Recognized as the #1 RE/MAX Team in the Valley

Thanks for your comments!  We'll all be glad when this list no longer exists and it seems we are at least starting to head in that direction!

September 27, 2009 06:04 PM #6
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