Wondering how the Arizona Real Estate market will fair compared to the rest of the country in the coming years? If the fact that available supply of homes is now approximately equal to 2 months sales is not enough (a balanced marketplace has a 3-6 month supply) how about this tidbit courtesy of The Cromford Report on October 18, 2011:
In February 2010 the State of Arizona was ranked #6 (after Florida, Nevada, Georgia, Mississippi and Michigan) for the percentage of first position home loans that were delinquent but not in foreclosure. In August 2011 it was ranked #27. This is the biggest improvement in ranking of any state in the nation.
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