Arizona Real Estate Market Outlook versus Florida Real Estate Market Outlook
And the national rate is 5.78% according to TransUnion. The mortgage delinquency rate determines future foreclosure rates.
Those rates are for the first quarter of 2012. I bet Arizona’s mortgage delinquency rate has fallen significantly since then.
At the rate it’s been falling, I estimate Arizona’s mortgage delinquency rate will match the national average sometime next year.
Where do you think property values are more likely to increase, Arizona or Florida?