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Arizona Real Estate Blog

Quick Update: Foreclosure Down in Phoenix Market

Posted on: October 20th, 2011

By Corinne Hale of the Diane Olson Team

More good news for one of America’s hardest hits in the real estate market, the foreclosure market has slowed for its 7th consecutive month. In the beginning of 2011, foreclosures titled as high as 43% according to ASU. According to RealtyTrac, foreclosure activity dropped 25% from second quarter and almost 40% from third quarter of last year.

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The days of massive low-balling the banks may be at stand still. Arizona is a very desirable market, cheaper than both Florida and California, a golf mecca, plethora of activities (Phoenix has over 1,000 events per year), fine dining and a shop for anyone’s fancy. Now is the time to own a piece of the Arizona sun!

Diane Olson is a former Canadian police officer whose team of agents  has earned its reputation as Canada’s go-to realtor for Canadians looking to buy vacation and investment property in Arizona.

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