Looking at the post below, it’s clear that Arizona is the first state to come out of the real estate bust.
Florida is still the #1 state for non-current mortgage loans.
Nevada is still #3.
Both states have a lot of foreclosures in their future.
California, on the other hand, seems to be following in Arizona’s footsteps. California was #5 in 2009 but now is #31.
Arizona was #4 in 2009 but now is #35.