From azcentral, “Arizona’s mortgage improvement fastest in U.S.”

Delinquency leaders

States with highest rates of past-due mortgages at end of March.

    1. Florida, 13.87 percent.

    2. Nevada, 11.16 percent.

    3. New Jersey, 8.31 percent.

    4. Maryland, 7.11 percent.

    5. Arizona, 6.86 percent.

Source: TransUnion

Arizona has been the fastest state to work through it’s foreclosures. Arizona has gone through the real estate pain and is now healing. Many states like Florida have postponed the pain and have a lot of it remaining in front of them.


Why Arizona real estate will recover more quickly

Arizona has fewest Months Inventory of Foreclosures (video)

Notice that I wrote the two posts above last fall, many months ahead of the story hitting the popular press.

If you want to be one of the first to know what’s happening in the Arizona residential real estate market, SUBSCRIBE TO THIS WEBSITE by putting your email address in the yellow box in the upper part of the right-hand column of the home page, and click “Subscribe.”