More people are holding on to their homes, both in Arizona and across the nation.
The number of foreclosures in Arizona is down year to year, according to data released in RealtyTrac's Year-End 2015 U.S. Foreclosure Market Report.
Check rates near you in the map below.
Foreclosures dropped more than 8 percent from 2014 to 2015 in Arizona, but the real bright spot for the state is the gain it made in a five-year span. Foreclosures are down a whopping 89 percent from 2010 to 2015.
Arizona was dubbed "ground zero" during the housing disaster. In 2010, 100,000 homes in the Phoenix area sat empty, with home prices down 40 percent.
These latest numbers continue to show Arizona's foreclosure crisis has dissolved.
Currently, Arizona ranks right in the middle across the nation for its number of foreclosures.
The data also included numbers for December.
- December foreclosures in Arizona were up 5.64% from November
- Ranked 25th in the nation
- 1,798 total filings
“In 2015 we saw a return to normal, healthy foreclosure activity in many markets even as banks continued to clean up some of the last vestiges of distress left over from the last housing crisis,” said Daren Blomquist, vice president at RealtyTrac. “The increase in bank repossessions that we saw for the year was evidence of this cleanup phase, which largely involves completing foreclosure on highly distressed, low value properties."
For more nationwide foreclosure information, go to RealtyTrac.