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Loan Modification

: Mortgage Lender Implode-o-Meter

Foreclosures comprise nearly 50 percent of Phoenix existing-home activity

By Implode-Explode Heavy Industries

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"Two negative trends are currently clouding the Phoenix, Ariz. area housing market, according to a new report from the W. P. Carey School of Business at Arizona State University. August marked the third consecutive month that the median existing-home price dropped in the Valley. Also, foreclosures made up their highest percentage of existing-home activity since back in January."

Full post as published by Mortgage Lender Implode-o-Meter on September 22, 2010 (boomark / email).

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