[Source: Arizona Republic] — More than 40,000 Valley homeowners have lost their homes to foreclosure in the past 18 months. A combination of factors led to the surge. Adjustable-rate mortgages have reset to higher interest rates. Investors have walked away from bad purchases. Job losses are mounting.
Today, the Arizona Republic offers new views of the problem plaguing the Valley’s housing market, with an analysis of these foreclosures. Where do things go from here? More help is coming for people struggling to hold onto their houses. At the same time, the foreclosure boom has helped recent buyers find homes they can afford.
- Click here for an interactive map of foreclosures in Maricopa County
- Click here to review and download a PDF of foreclosure trends in metro Phoenix
- For a Google Earth analysis (right-click to download)
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