Foreclosures Drop Locally

CoreLogic published statistics on foreclosures in the Tucson-area and there is positive news to be shared. The data is for January 2013 and showed that foreclosures among outstanding mortgage loans was 1.42% which is a pretty sharp dropped when compared with last January’s 2.34%. The rate nationally sits at 2.9%. Also, the mortgage delinquency rate, which is defined by borrowers who are 90 days or more behind, decreased to 4.54% for January. Compare this with January 2012 when the rate was 6.13% or even the current national rate of 6.34% and Tucson is looking pretty good.

Stephen Woodall
REALTOR, GRI @ Long Realty Company
Stephen has made real estate his full-time career and passion since 2008, primarily specializing in the Foothills & the Northwest Tucson areas of Oro Valley and Marana. He is a multi-million dollar producer, representing both sellers & buyers. Stephen has tremendous experience in new home sales, listing & selling primary residences, listing & selling vacant land, listing & selling luxury homes, investment properties, rentals, and real estate development parcels.

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