Several of the hardest hit real estate markets have been showing marked improvement of late. In particular, foreclosure starts in the state of California are down 33% from last year. Foreclosure starts in Arizona and Nevada are also down considerably compared to the previous year. Meanwhile, states that avoided the worst of the housing bubble are fairing much worse right now. For more on this, read the following article from Property Wire.
For the first year since the financial crisis began, annual foreclosure auction filings in the United States’ repossession hotspots of California, Arizona and Nevada have declined.