Monthly Archives: November 2012

Extremely good news for the Phoenix housing market.

According to Trans-Union credit reporting agency,  Mortgages 60 or more days late dropped from 5.49% to 5.41% in the last quarter. A year ago, they were 5.88%, so Nationally, an 8% reduction in a year. BUT, in Arizona (and California) the drop … Continue reading

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Phoenix Foreclosure Pipeline Continues to Shrink

In october, Phoenix cleared roughly 1500 foreclosures out of the pipeline. Simply stated, there were 1500 more completed and cancelled foreclosures than new notices…[according to Michael Orr, local professor of real estate studies, we had 13,000 in the pipeline, while … Continue reading

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