Phoenix-area foreclosure rate drops slightly
Wednesday, April 20, 2011 - 04:30
in Mathematics & Economics
A little bit of good news is coming to the Phoenix-area housing market. Foreclosures accounted for just under 38 percent of the existing-home transactions in the area in March. A new report from the W. P. Carey School of Business at Arizona State University reveals the improvement over the 43 percent seen in the first two months of 2011.