Tag Archives: Phoenix foreclosures drop 16% in 2011

The good news is the number of homes that went through foreclosure in the Phoenix area tumbled 16% in 2011, but the bad news is home prices still took a significant hit, according to year-end housing numbers from the W.P. Carey School of Business at Arizona State University. Foreclosures completed in the year fell to 35,855 from 41,625 in 2010. The amount of foreclosures as a percentage of overall housing transactions also improved, dropping to 34% in 2011, down from 39% in 2010. Home prices, however, failed to regain traction […]