Real estate rivalry: Arizona industry disputes RealtyTrac’s foreclosure data

Bobak Ha’Eri / Wikimedia Commons

Many in the actual estate industry’s dislike of RealtyTrac is a kin to a college football rivalry.

Like Ohio State is to Michigan, Alabama is to Auburn and USC is to UCLA in college football, the neighborhood actual estate industry flat out doesn’t love RealtyTrac.

The Irvine, California actual estate research firm reports foreclosures and various other housing data.

And Arizona’s actual estate sector — which is fairly powerful, pretty image conscious and sensitive to its slow-moving post-recession recovery — takes serious umbrage along with RealtyTrac’s foreclosure data.

Earlier this week, RealtyTrac reported a huge upswing in foreclosures, bank repossession and default notices in Phoenix, Arizona statewide and various other U.S. regions.

RealtyTrac’s numbers prove to January foreclosure activity up by much more compared to 100 percent the two in the Valley and statewide from December. January 2015 foreclosure activity was at 20-month higher the two in Phoenix and across the state.

Arizona State University housing expert Michael Orr and some neighborhood actual estate executives not just dispute RealtyTrac’s foreclosure data they attack it.

“Every solitary statistic that RealtyTrac mentioned concerning Phoenix is forever false,” said Orr, that is the director of the Focus for actual Estate Theory and Technique at ASU’S W.P. Carey School of Business.

Orr says there were 827 notices of trustee sales and 369 trustee deeds for foreclosures last month in Maricopa County. He said that is down from December 2014 and a year ago.

“So, in fact, foreclosures dropped greatly from a year ago and have actually been on a slow-moving stable decline,”

The Flower Law Group’s Reporter news website additionally questioned RealtyTrac’s numbers.

“The RealtyTrac report mentioned foreclosures increased much more compared to 100 percent from December 2014 to January 2015. However, numbers from Maricopa County in fact prove to a 6 percent lower of foreclosures throughout that time period,” according to RLG’s Reporter news blog, which covers actual estate and various other news.

Mike Sunnucks writes concerning residential and commercial actual estate, government, law, sports Company and work environment issues.

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