{"id":1871,"date":"2018-09-18T13:05:40","date_gmt":"2018-09-18T13:05:40","guid":{"rendered":"http:\/\/www.gentryrealestategroup.com\/buylowazteam\/?p=1871"},"modified":"2018-09-18T13:11:33","modified_gmt":"2018-09-18T13:11:33","slug":"phoenix-area-mortgage-delinquency-and-foreclosure-rates","status":"publish","type":"post","link":"https:\/\/gentryrealestategroup.com\/buylowazteam\/phoenix-area-mortgage-delinquency-and-foreclosure-rates\/","title":{"rendered":"Despite Record-High Home Prices, Phoenix-Area Mortgage Delinquency and Foreclosure Rates Continue to Drop"},"content":{"rendered":"

Phoenix-area mortgage delinquency and foreclosure rates among the lowest in the natio<\/strong>n
\n<\/span>A robust job market and strong economy are contributing lower mortgage delinquency and foreclosure rates in the Phoenix area and across Arizona that continued to fall in June, according to a new report from CoreLogic.\u00a0\u00a0<\/span><\/p>\n

The report found that metro Phoenix\u2019s overall delinquency rate in June was at 2.6 percent for homeowners more than 30 days behind on a mortgage payment, down from 2.8 percent \u00a0in June 2017. Serious delinquencies<\/span>\u2014described as <\/span>more than 90 days past due\u2014were at 0.7 percent for the region, down from 0.8 percent in June 2017.<\/span><\/span><\/p>\n

\"Phoenix-area<\/a><\/span>
\nForeclosures in the Phoenix area were at 0.1 percent in June, down from 0.2 percent in June 2017.<\/span>
\n<\/span><\/span><\/p>\n

Statewide, rates were a bit higher. Delinquency rates in June were 3.1 percent, serious delinquencies were 1 percent and foreclosures were at 0.3 percent, a far cry from 2009, when <\/span>Arizona’s foreclosure rate was 6.12 percent<\/span>.<\/span>
\n<\/span><\/span><\/p>\n

Nationwide, delinquency rates stood at 4.3 percent and foreclosures were at 0.5 percent according to the CoreLogic report. Nationally, serious delinquencies were at 1.7 percent, the lowest level for June in 11 years, according to the report.<\/span><\/p>\n

According to a statement from Frank Northaft, chief economist for CoreLogic, only natural disasters like those experienced in Florida and Texas last year, have increased delinquency rates.\u00a0<\/span><\/span><\/p>\n

CoreLogic is a leading provider of consumer, financial and property data, analytics and services to business and government.<\/span><\/p>\n

\"Equal<\/a><\/span>
\n<\/span><\/p>\n

 <\/p>\n

 <\/p>\n

 <\/p>\n

 <\/p>\n

Phoenix-area mortgage delinquency and foreclosure rates <\/span><\/p>\n","protected":false},"excerpt":{"rendered":"

Phoenix-area mortgage delinquency and foreclosure rates among the lowest in the nation A robust job market and strong economy are contributing lower mortgage delinquency and foreclosure rates in the Phoenix area and across Arizona that continued to fall in June, according to a new report from CoreLogic.\u00a0\u00a0 The report found that metro Phoenix\u2019s overall delinquency […]<\/p>\n","protected":false},"author":78,"featured_media":1873,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_monsterinsights_skip_tracking":false,"_monsterinsights_sitenote_active":false,"_monsterinsights_sitenote_note":"","_monsterinsights_sitenote_category":0,"footnotes":""},"categories":[3,4],"tags":[15,55,20],"class_list":["post-1871","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-blog","category-social-media-post","tag-arizona-real-estate","tag-arizona-real-estate-trustee-auctions","tag-phoenix-real-estate"],"acf":[],"yoast_head":"\nPhoenix-area mortgage delinquency and foreclosure rates remain low<\/title>\n<meta name=\"description\" content=\"Phoenix-area mortgage delinquency and foreclosure rates continue to drop, despite escalating home prices thanks to strong economy and robust job market\" \/>\n<meta name=\"robots\" content=\"noindex, follow\" 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