KTAR
Counter to the national trend, foreclosures were on the rise in the Phoenix area in the first half of the year.
But it’s no reason to worry.
There were more than 5,000 foreclosure filings — default notices, scheduled auctions or bank repossessions — in the Valley through June, a 5 percent increase from a year ago, according to a report released Thursday by ATTOM Data Solutions.
The good news? That’s just a fraction of the 74,000 foreclosures in the area during the worst times of the housing crisis a decade ago.
