Ingrid B. Quinn

NMLS ID #211652 Arizona, Loan Consultant

Arizona Foreclosure Rates Dropping

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It is great to see that in our great state of Arizona the housing market is on an upswing. According to Daren Blomquist, VP of Realty Trac, last year alone there were 671,000 homes in foreclosure nationally and if projections follow the way they have been by the end of this year that number will drop by at least 70,000. In Arizona we are already seeing this change. Realty Trac shows that there is a 56% drop in foreclosure rates from this time last year. Arizona has also dropped form the No. 1 ranking of foreclosure rates national in March of last year to No.6 spot as of March 2013.
Both Realty Trac and Blomquist are projecting that we will continue to see the numbers drop over the next year and we should begin to see the housing market flourish yet again! For more information on this subject please visit: http://www.azcentral.com/business/realestate/free/20130314arizona-foreclosure-rate-keeps-dropping.html .

Author: ibquinn

I am a Senior Loan Officer at Caliber Home Loans, with over 32 years of Mortgage Banking experience. I have the expertise and knowledge to help focus in on your homeownership goals and make them into reality. My team of experienced mortgage professionals and I can assist you in all steps of the home buying process and ensure that you have a smooth and hassle-free transaction. Caliber cannot accept mortgage loan applications or inquiries for properties located in New York through this site. Ingrid Quinn NMLS #211652 BK#0923637 www.ScottdaleMortgageExpert.com

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