Arizona Real Estate Notebook

Wall Street Journal video.

U.S. Mortgage Delinquencies

Mortgage delinquencies are, of course, the first stage in the foreclosure pipeline so fewer delinquencies now mean fewer foreclosures later.

Many states, however, have been very slow to foreclose and have huge backlogs of in-process foreclosures. That means fewer delinquencies now won’t lower their foreclosures for a long time — not until they get through their current backlog of in-process foreclosures.

Arizona Foreclosure Pipeline

Arizona has the shortest pipeline of foreclosures of any state which is a good thing and makes it likely Arizona will be one of the first, perhaps the first, state to rebound from the real estate bust.