/ Modified apr 26, 2012 8:11 a.m.

Tucson Foreclosure Rate Improves

Old Pueblo ranks 42nd, compared with 9th for Phoenix

Tucson's home foreclosure rate ranked 42nd in the country in the first quarter of 2012, a foreclosure tracking service reported Thursday.

RealtyTrac, of Irvine, Calif., reported that one in every 150 Tucson housing units had a foreclosure filing against it in the first three months of the year.

That compared with Phoenix's rate of one in 87, ranking it ninth worst in the country. The only other Arizona municipality higher than Tucson was Prescott, ranked 19th, with a rate of one in 113 housing units in foreclosure.

Tucson's rate was 4.3 percent higher than in the fourth quarter of 2011 but down 36.1 percent from the first quarter of 2011.

Worst in the nation was Stockton, Calif., where one in every 60 housing units had a foreclosure action filed against it in the first quarter. Nationally, the foreclosure rate was one in 230 housing units, a 2.3 percent improvement from the previous quarter and a 15.9 percent improvement from the same quarter one year earlier.

RealtyTrac previously reported that Arizona's foreclosure rate for March was the worst in the country, edging out Nevada, which had held the worst-in-the-nation spot for more than five straight years.

Read RealtyTrac's latest report here.

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