Phoenix and Greater Arizona Home Foreclosure Rate Rises Again

After two months of positive news in the Phoenix Housing market, the numbers for June 2010 revealed a disappointing increase in the foreclosure rate from 33% to 36%. This is according to a Realty Studies report released by the WP Carey School of Business at Arizona State University. The report’s authors attribute the rise in foreclosure rates to the continuing downward trend in Arizona home prices. As home prices decline, more people find that they owe more on [...]