PHOENIX DROPS IN FORECLOSURE REPORT

According to the “Business Journal”, Phoenix has now

officially dropped from the top 10 on the list.  Now at #12, Phoenix saw fewer foreclosures in the 3rd Quarter.  This is a positive sign for the valley, but I don’t think is indicative of a market improvement just yet.  I know I should be more upbeat about this news, but it’s still too early.  We have to have a few quarters of positive before we can consider this a recover or a move in the right direction.

California continues to suffer.  I’ve also noticed a lot more California cars driving around.  Could this be that they are jumping ship?