According to data released by RealtyTrac, foreclosures represent nearly a quarter of all home sales in the U.S. The number is expected to increase in 2012 as lenders more aggressively try to dispose of distressed assets.
Recent data released by RealtyTrac shows an increase in Arizona foreclosures from December, 2011 to January, 2012. The good news is there was actually a year over year decline of 41%.
A report issued by TransUnion shows Florida still leading the nation in mortgage delinquencies with Arizona placing fourth on the list.
President Obama seems determined to wind down Fannie Mae and Freddie Mac and he has the support of Treasury Secretary Timothy Geithner.
President Obama is expected to announce a strategy to address the flagging housing market. His plan would allow for homeowners who are underwater, even those with less than stellar credit, to refinance their homes at lower rates and potentially reduce the principal balance owed.
According to the Standard & Poor’s/Case-Shiller home price index, housing prices continued to fall across the country. Surprisingly, Phoenix showed a slight increase but the overall picture looks ominous for the foreseeable future.
President Obama has turned his focus toward the housing market. How much help can we expect in Arizona?
Check out this slide show at Forbes.com. It lists 13 cities where home prices continue to plummet. Phoenix isn’t out of the woods yet.
New figures released by CoreLogic, a real estate data firm, indicate that foreclosures and short sales continue to put downward pressure on the overall housing market nationwide.
New data released by CoreLogic, a national real estate research firm, indicates a decline in foreclosures in the Phoenix area.