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Old 04-24-2008, 11:11 AM
Location: Tucson
42,831 posts, read 88,162,128 times
Reputation: 22814


Some good news for a change.


Despite the doom-and-gloom reports about the economy in general, Pima County residential home foreclosures fell again in January - the third consecutive month they've dropped. Default Research, headquartered in Mt. Pleasant, Pa., reports there were 206 foreclosures in Pima County in January, down 8% from December, which was down 20% from November, which was down 5.6% from October.

Since October, when there were 306 foreclosures in Pima County, they've dropped more than 48 percent, according to Default Research. Compared to January 2007, the foreclosure rate is up 10%. That's not the case in the Phoenix area where the foreclosure rate is up 170%. Default Research says Maricopa County foreclosures totaled 3,134 in January.

SAHBA: About Us (http://www.sahba.org/housing_market/Mar03-08.htm - broken link)
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Old 04-24-2008, 11:30 AM
Location: Tucson, AZ
529 posts, read 2,394,427 times
Reputation: 328
Nice link, should be interesting to see how the next few months play out there in Tucson.
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