By Gabriela Rico | Arizona Daily Star 13 hrs ago (0)
2016 was a record year for the local housing market, both in terms of new home construction and falling foreclosure rates.
The number of foreclosures last year was a 10-year low, data from the Pima County Recorder’s Office shows, with a 2016 total of 1,820 foreclosures — the lowest since 2007, when the housing market crashed and distressed sales began to climb, peaking at 6,793 in 2010, when a slow descent began.
The local trend was part of a national one that saw foreclosures at 10-year lows across the country in most major metropolitan areas, data from ATTOM Data Solutions show.
Related: Steller: City of Tucson finally has leverage to force progress on eyesore hotel downtown
