Fletcher Wilcox of Grand Canyon Title came out with his latest The Wilcox Report.
Phoenix single family foreclosure starts were the lowest in over a decade in January 2014.
Similarly, ASU estimated that new foreclosure notices in metro Phoenix were 19% BELOW normal in December.
The Wilcox Report
Sales Down But…
January 2014 existing sales were down 17% from January 2013 but there were actually more sales over $150,000 than in January 2013.
There are over 6,000 more single family property listings on the market today than a year ago.
The number of potential homebuyers increases daily in Greater Phoenix because of job growth, population growth and a large number of people who this year may be eligible to buy again after a foreclosure or short sale.