Arizona’s housing market continued to improve in October, with home foreclosure filings declining 59.9 percent in one year, a data company reported Thursday.
RealtyTrac Inc. of Irvine, Calif., said in its monthly foreclosure report that Arizona had 2,711 filings in October. A filing is defined as a default notice, a scheduled auction or a bank repossession, meaning that one property could have more than one filing on it.
The state ranked 16th worst in the country for such filings. In March 2012, it ranked worst in the country and second worst for several months before and after that before beginning a slow and steady improvement in the second half of last year.
Pima County's foreclosure filings fell 76.7 percent in October from the previous year, and Maricopa County's were down 54.1 percent.
Nationally, filings fell 28.2 percent in October from a year earlier, RealtyTrac reported.