CoreLogic: Phoenix foreclosure rate continues to fall
The latest figures released Tuesday by CoreLogic show home foreclosures in metro Phoenix continue to gradually decline -- and at a faster rate than the nation. The rate of foreclosures among outstanding mortgage loans in the greater Phoenix area came in at 2.84% in April, a 1.1 percentage point drop from the same month last year. That's almost half the rate the Valley saw in December 2010, when the foreclosure rate was 5%.
Read article - Denver Business Journal
New-home sales surge to fastest pace in two years
Americans bought new homes in May at the fastest pace in more than two years, adding to evidence of a slow but steady housing recovery. Sales of single-family homes jumped 7.6% to a seasonally adjusted annual rate of 369,000 units, the highest since April 2010, the Commerce Department said Monday.
Read article - MSNBC
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