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®, 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!
Phoenix Business Journal "#16 Real Estate Agent" in the Phoenix Metro Area

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Topic:
ActiveRain Community
Location:
Arizona
Tags:
national foreclosure statistics
arizona foreclosure market

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Rainer
40,537
Jane Penttinen
NMLS #222178
V.I.P. Mortgage

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
Rainmaker
163,451
Sharon Senger
Licensed Transaction Coordinator
The British Virtual Assistant

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
Rainmaker
226,365
Candice A. Donofrio
928-201-4BHC (4242) call/text
Next Wave RE Investments LLC Bullhead City AZ Commercial 928-201-4242

We're coming back strong, Amy. :)

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

Amy

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

September 27, 2009 03:15 PM
Rainmaker
463,437
Amy Jones
Voted Chandler AZ Best Realtor® for 3 years
RE/Max Infinity - www.AmySellsAZ.com

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
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Rainmaker
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Amy Jones

Voted Chandler AZ Best Realtor® for 3 years
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Author Bio: Amy Jones, RE/MAX Infinity, voted "Chandler's Best Realtor® for 3 years.

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