Valley foreclosure rate under 30%

Valley foreclosure rate under 30%, a 1st since 2009 - The metro Phoenix foreclosure rate has not only fallen for the past five months but in July it dipped below 30% transactions for the first time since the spring of 2009, ASU reported. There were about 2,500 single-family foreclosures in July, compared with 3,300 in June and more than 3,800 in July 2010. The rate, which shows the percentage of single-family home transactions that include a foreclosure, dipped to 29% in July. It peaked at 46% last September before the moratorium. Read article:
http://www.azcentral.com/business/articles/2011/08/12/20110812phoenix-area-foreclosure-rate-under-30-percent.html