Phoenix residential foreclosure inventory plummets

foreclosures-decliningBy Kristena Hansen | Phoenix Business Journal

Foreclosure inventory throughout metro Phoenix plunged by roughly 56 percent year-over-year in January, according to a new report by CoreLogic. The 0.59 percent foreclosure rate — meaning the percentage of mortgaged homes in some stage of the foreclosure process — was also substantially lower than the 1.97 percent national average for January.


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