Number of foreclosures likely to slow nationally but not so much in Arizona

APNewsBreak: BofA delays foreclosures in 23 states

Arizona is not one of the 23 states.

I think the banks were looking for an excuse anyway to delay the huge number of incoming foreclosures.

The delay in foreclosures will also delay the real estate recovery for many months in those areas but, heck, they were a long, long way from a normal real estate market anyway.

I’m not sure of the impact on the Arizona real estate market yet. What do you think?

October 1, 2010 by Realtor John Wake

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John Wake

Born in Phoenix, trained as an economist and now a licensed Realtor, John uses hard data from the real estate market to help his clients -- buyers and sellers of residential real estate -- uncover their best choices for finding the right home or finding a buyer for their current home.

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