Analysis: Arizona posts 27th highest foreclosure rate in first quarter

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One in 1,146 properties in Arizona started the foreclosure process during the first quarter of the year -- the 27th highest foreclosure rate in the nation, according to an ATTOM Data Solutions analysis of property data.

A total of 2,567 properties in the state had foreclosure filings during the first three months of 2019, the data showed. That’s out of 2,941,894 housing units statewide. The foreclosure rate in the state was down 41.6 percent from the same period a year earlier.

“While we did see a slight increase in U.S. foreclosure starts from last quarter, bank repossessions reached an all-time low in the first quarter of 2019, showing continuing signs of a strong housing market,” said Todd Teta, ATTOM Data’s chief product officer.

Only 15 states reported year-over-year rises in foreclosure filings from Jan. 1 to the end of March, the analysis found.

Nationwide, nearly 162,000 properties began the foreclosure process during the first quarter, a 14.74 percent decrease over the first quarter of 2018, according to ATTOM Data.

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State Foreclosure Activity in Q1 2019

StateHousing Units Q1 2019 Properties with Foreclosure Filings  Foreclosure Rate (Housing Units Per Foreclosure Filing) Foreclosure Ranking (Housing Units Per Foreclosure Filing)% Change From Q1 2018
New Jersey3,595,05510,806  333 1-29.77
Delaware423,4891,163  364 2-11.83
Maryland2,427,0145,887  412 3-6.35
Florida9,259,68419,011  487 424.46
Illinois5,334,84710,909  489 5-12.62
South Carolina2,229,3244,104  543 6-14.27
Connecticut1,507,7112,561  589 7-6.94
Ohio5,174,8388,574  604 8-19.96
Nevada1,220,4222,020  604 9-14.66
New Mexico927,7901,245  745 10-26.76
Pennsylvania5,653,5997,274  777 11-18.67
Oklahoma1,712,8412,163  792 12-17.57
New York8,255,91110,245  806 13-20.18
Indiana2,855,3783,222  886 14-36.49
Georgia4,203,2884,742  886 15-13.26
North Carolina4,521,6974,878  927 16-27.14
Alabama2,231,1262,361  945 17-26.54
Texas10,611,38610,545  1,006 18-1.78
Louisiana2,031,0642,014  1,008 19-8.79
Massachusetts2,864,9892,749  1,042 20-22.78
California13,996,29913,426  1,042 21-12.07
Tennessee2,903,1992,745  1,058 22-14.65
Maine735,711  663   1,110 23-6.22
Utah1,046,597  937   1,117 24-11.35
Virginia3,466,9213,037  1,142 25-20.66
Rhode Island466,670  408   1,144 260.00
Arizona2,941,8942,567  1,146 27-41.62
Missouri2,763,2502,305  1,199 28-20.08
Hawaii535,543  443   1,209 293.02
Iowa1,376,1331,093  1,259 30-37.72
Wisconsin2,668,6922,119  1,259 31-21.40
Michigan4,568,2003,610  1,265 32-13.43
Oregon1,733,0411,354  1,280 33-17.89
Alaska311,693  240   1,299 34-35.83
Kentucky1,965,2021,387  1,417 35-26.61
Mississippi1,308,259  913   1,433 3611.61
New Hampshire627,619  429   1,463 37-3.38
Arkansas1,353,745  922   1,468 38-15.49
Colorado2,319,7371,350  1,718 39-7.15
Washington3,025,5161,718  1,761 40-1.38
Nebraska824,176  462   1,784 41-31.35
Kansas1,259,647  702   1,794 42-25.00
Wyoming273,088  151   1,809 43-32.89
Minnesota2,404,6241,263  1,904 44-33.56
West Virginia889,277  303   2,935 454.12
Vermont331,106  110   3,010 46-12.70
Idaho701,196  229   3,062 47-33.04
Montana501,099  148   3,386 48-3.90
South Dakota379,279  58   6,539 49-23.68
North Dakota360,660  52   6,936 50-22.39
United States135,387,687161,875  836 

-14.74
Source: ATTOM Data Solutions

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