March's Market Update

Maricopa County had another record month for notices of trustee's sales. 5370 pre-foreclosure notices sent out to Phoenix area home owners...

Remember that last month's figure was 5048 notices, while the number of homes sold in February was only 3448...

These numbers, not surprisingly, continue to exert downward pressure on home prices in the valley. January's median price of $220,000 fell to $213,800 in February...