Phoenix News: Phoenix Foreclosure Ninth In 2009
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The new data show, Realty Trac Phoenix is still one of the leaders in home foreclosure.
Eviction of the region during the first half of this year was 52 percent higher than the same period in 2008. The dramatic victory was even worse, only two cities – Seattle at 72 percent and 59 percent in Minneapolis.
Phoenix is in ninth place in the proportion of housing that has been redeemed during the first half of this year – 4.4 per cent. In the United States, an average of only 1.2 per cent.
Irvine, California based RealtyTrac, an interactive marketing project properties, the 2009 mid-year metropolitan foreclosure market report Thursday. Last year the Phoenix area has partitioning the country’s major cities – with Las Vegas, and a handful of cities in Florida and California.
“Redemption of its way to the top of the whole country, and most subways in the first half of this year, but there are important differences begin to show in the window,” the CEO of RealtyTrac, James Saccacio said in a statement. “Although some markets, the increased use of foreclosure, in recent years have seen lower prices for new markets, such as Provo, Utah, and Boise, Idaho, has increased significantly.
“As unemployment rises in the different regions of the country, it is very likely that we develop a similar model in other countries,” said Saccacio.
Las Vegas recorded the highest value of 7.45 percent of the home, or in 13 It was followed by the Cape Coral Fort Myers, Florida, with 7.2 percent, or 14 units of time.
Rounding out the top-10 metro with the highest foreclosure rates of the six regions of California, Merced, Riverside-San Bernardino, Stockton, Modesto, Bakersfield and Vallejo-Fairfield, followed by Phoenix and Orlando-Kissimmee, Florida