Phoenix Trustee's Sale Notices for May, 2008

After I counted up May's 6416 notices of trustee's sales in Maricopa county I took a look at the graph for May of 2007 and I just had to laugh. If you'll recall, May of 2007 was Phoenix's break-out month for pre-foreclosures. It was the month when the real estate bubble showed us that it wasn't an also-ran, trouncing the dot bomb's NTR record by almost 300. Yet here we are a year later and last May's 2009 notices seem almost like something to pine for.

Notice also the Gaussian descriptive statistics I was naïvely including with my posts back then. If we were to take those number seriously - in particular the standard deviation - then we'd be forced to conclude that May 2008's number should essentially be impossible. Clearly foreclosure statistics are not Gaussian.