It had to happen sooner or later. Foreclosure listings in the Phoenix area real estate market actually decreased for the first time in over two years. March 2009 began with 21,614 foreclosure listings -- compared to 22,519 in February 2009. The percentage of foreclosure listings to total listings remained unchanged at 43.7%.
It's not that the decrease is even significant because the number of foreclosure listings dropped by only 905 from the beginning of February 2009. It's just the fact that they DECREASED from one month to the next -- for the first time since the foreclosure crisis began.
I won't go into my opinions about the decrease because there is enough information in the news media about government intervention to lower foreclosure listings. Let's see what the numbers look like to begin April 2009 in the Phoenix area real estate market.
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