Arizona foreclosure statistics for November

The latest foreclosure statistics for November were just released by RealtyTrac, and it looks like the number of foreclosure filings for the month were down about 10% nationwide. Arizona foreclosure filings were actually down 9% for the month of November.


Arizona still falls in the "Top Ten" list of states with highest foreclosure filings, ranking in at #8, which is down from our #7 position in October. Arizona now averages about one foreclosure filing for every 441 households.

As you can see by the US map below, the pink states have higher foreclosure filings. Nevada ranks in at number one for foreclosure filings, with one for every 152 households. That's actually four times the national average. Florida came in at number two, with one foreclosure filing for every 282 homes.

It's great to see the foreclosure rate slowly going down, but I'm anxious to see if it remains stable or if we'll see a shift after the holidays are over. Foreclosure rates are expected to rise in the upcoming year, and with many interest rates resetting after the New Year, it's going to be interesting to watch how homeowners react. The addition of increased spending during this holiday shopping season will likely have some impact, but hopefully homeowners were smart and planned ahead when making this year's purchases.

I'm hoping to get foreclosure stats specific to Tucson soon, but if you'd like more information on the latest national foreclosure statistics visit RealtyTrac