Report: Foreclosures still dominate housing market
Wednesday, March 17, 2010 - 15:21
in Mathematics & Economics
Despite signs of economic recovery across the country, the Phoenix-area housing market continues to be driven by foreclosures. Last month, almost two-thirds of the existing-home transactions in the market were either foreclosures or the resales of previously foreclosed-on properties, according to the latest Realty Studies report from the W. P. Carey School of Business at Arizona State University.