Foreclosures are gradually declining in Phoenix

> Foreclosures are gradually declining in Phoenix According to the latest ASU research report, there was a slight downward trend in foreclosures in the Phoenix area in March. Engaged in real estate...

Phoenix City foreclosures are gradually declining. According to the latest ASU research report, in March, there was a slight downward trend in foreclosures in the Phoenix area. Butler, a professor at State University who is engaged in real estate research, reported in his monthly report that foreclosures accounted for 38% of home sales in February, from 43% in January to 38% in January. There were 11,000 home sales in March, of which 4,100 were foreclosures. Butler said it's unclear whether changes in bank policy are causing the decline in foreclosures. In 2010, more than 4% of metro Phoenix households had their HOS homes repossessed by banks because they were unable to repay their bank loans. The banks put these houses on the market as foreclosures. The median foreclosure sale price in March was $125,000.