Real estate blog entries tagged with foreclosures on the upswing by Troy Erickson AZ Realtor (602) 295-6807, Your Chandler, Ahwatukee, and East Valley Realtor (HomeSmart)

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foreclosures on the upswing: Resale home sales increasing, but mainly due to foreclosures! - 04/22/10 07:35 PM

Although the number of resale home sales is increasing, it was mainly due to foreclosure sales. There was a total of 6,490 single family detached home resales in March according to the report written by Jay Butler, associate professor of real estate at the W.P. Carey School of Business at Arizona State University. Out of the 6,490 sales, 4,370, or 67.3 percent were foreclosures. I don't know how much higher this can go, but if it weren't for foreclosures, there would have only been 2,120 resales in March, which would be significantly lower than the norm for this time of year, … (2 comments)

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