Florida mortgage delinquency rate twice Arizona’s

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.

RELATED:

• 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.

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