Third Quarter Foreclosure Activity

Here is Realty Trac 3rd quarter report showing the percentage of households in foreclosure. By state Nevada is 1st, California is 2nd and Florida is 3rd. Arizona is at 7th at one foreclosure for every 112 households (Nevada at #1 has one foreclosure per every 61 households).

http://www.realtytrac.com/ContentManagement/pressrelease.aspx?ChannelID=9&ItemID=3567&accnt=64847

There is also a colored map showing which counties in each state have the most foreclosures. Mohave, Maricopa and Pinal appear to have the most in Arizona and of course Clark county is the highest in Nevada.

http://www.realtytrac.com/blog/photos/foreclosurepulse_photos/images/3397/original.aspx

I put this in the comments, but the link doesn't seem to show up. Here is the chart by metro area.

http://www.realtytrac.com/ContentManagement/pressrelease.aspx?ChannelID=9&ItemID=3609&accnt=64847

Valley Housing Market Dismal

November 2nd, 2007 @ 7:43am
by Hanna Scott and Jon Zimney/KTAR

Arizona ranks among the top 10 states in the nation in foreclosures, the number of homes for sale in the Valley is at its highest level in years, and people who absolutely must sell face problems.

``Once we take the listing, we tell them up front that we have to adjust the price every 30s days," said Avi Asallas of Century 21."

And he makes no promises. ``Before, we could sell a house within 30 to 60 days, but now we cannot put a time frame on it because there are so many properties."

One of the biggest problems is the competition from new auctions and foreclosures popping up every day, he said.

Meanwhile, a number of Valley residents are going through foreclosure.

``I bought a house for $400,000 in Maricopa, and my house isn't even worth $280,000," said one woman.

http://ktar.com/?nid=6&sid=636171

Phoenix Housing Articles

Here are some recent housing articles on Phoenix:

http://www.azcentral.com/business/articles/1016biz-AZresale16-ON.html

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http://www.azcentral.com/business/articles/1015biz-economy1016.html

Housing worries generally optimistic Valley experts

Betty BeardThe Arizona Republic Oct. 15, 2007 05:48 PM

"Brutal" and "perfect storm" are some of the descriptions local economists now use to describe economic conditions in Maricopa County.

While things could get worse before they get better, the economists said the area also has a diversified economy and continued job growth that will keep the climate from getting overly gloomy.

Governments are already noticing that spending is slowing down because of sales tax revenues at the state and county levels, said speakers addressing the Maricopa County Economic Forum Monday.

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http://www.builderonline.com/industry-news.asp?sectionID=26&articleID=591487

Ashton Woods Hit Hard By $10.6 Million Quarterly Loss
Atlanta-based builder is focusing on cutting costs and generating new orders through sales incentives.

During the quarter, the average sales price of this builder's homes fell 7.9 percent, to $270,000, with the biggest dip - 33.3 percent - in the Phoenix market, to $305,000. "Phoenix is one of the more depressed [housing] markets, with a tremendous price problem," Krobat told BUILDER during an interview earlier this month.

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http://www.eastvalleytribune.com/story/99713

Gilbert Esplanade sold

David Woodfill, Tribune

Developers of the planned Gilbert Esplanade have sold the property, becoming the second builder of a major retail center to announce an ownership change in less than a month.

Officials with Phoenix-based De Rito Partners said they decided to sell the site at Gilbert Road and the Loop 202 Santan Freeway to an Ohio-based firm when it was unable to fill an anchor space.........

Dawn McLaren, a research economist with the W.P. Carey School of Business at Arizona State University in Tempe, said retail developers are feeling the new realities in the housing market. “Things have changed in Arizona, she said”

New Home Auction in Casa Grande and Maricopa

This was advertised in the Kingman paper, but the homes are in Casa Grande and Maricopa. New homes with starting bids more than 50% off of the previous asking prices.

http://www.publicredcauction.com/auction_details.php?auctionID=D-004

Community details and pictures.

http://www.publicredcauction.com/community.php

Sheriff Arpaio's Illegal Immigrant Hotline Billboards

http://www.mcso.org/include/pr_pdf/s%20Mobile%20Illegal%20Immigration%20Billboards.pdf


Date: September 15, 2007

ARPAIO AUTHORIZES 24 MOVING BILLBOARDS TO BOLSTER CALLS TO SHERIFF’S ILLEGAL IMMIGRATION HOTLINE

‘DO NOT ILLEGALLY ENTER’ BILLBOARDS
WILL BE SEEN ALL OVER COUNTY, CITY STREETS

(Phoenix, AZ) In a move that is certain to inflame illegal immigration activists, Maricopa County Sheriff Joe Arpaio plans to unveil a unique method of advertising his illegal immigration hotline on Sunday afternoon.