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90 STATE OF AFFAIRS: WEST » Alaska RANK: 49 90+ Day Foreclosure Unemployment Delinquency Rate Rate Rate NOVEMBER 2013 1.08% 0.71% 6.5% YEAR AGO 1.15% 0.85% 6.7% YEAR-OVER-YEAR CHANGE -6.3% -16.3% -0.2% Top County FAIRBANKS NORTH STAR BOROUGH 90+ Day Foreclosure Delinquency Rate Rate NOVEMBER 2013 2.13% 1.34% YEAR AGO 2.04% 1.15% YEAR-OVER-YEAR CHANGE 4.2% 16.3% Top Core-Based Statistical Area FAIRBANKS, AK 90+ Day Foreclosure Delinquency Rate Rate NOVEMBER 2013 2.13% 1.34% YEAR AGO 2.04% 1.15% YEAR-OVER-YEAR CHANGE 4.2% 16.3% note: The 90+ day delinquecy rate is the percentage of outstanding mortgage loans that are seriously delinquent. The foreclosure rate is the percentage of outstanding mortgage loans currently in foreclosure. State rank is based on the November 2013 foreclosure rate. All figures are rounded to the nearest decimal. The unemployment rate reflects preliminary November 2013 figures released by the Bureau of Labor Statistics. All other data courtesy of LPS Data & Analytics. Arizona RANK: 42 90+ Day Foreclosure Unemployment Delinquency Rate Rate Rate NOVEMBER 2013 1.53% 0.93% 7.8% YEAR AGO 2.41% 1.74% 8.0% YEAR-OVER-YEAR CHANGE -36.6% -46.1% -0.2% Top County SANTA CRUZ COUNTY 90+ Day Foreclosure Delinquency Rate Rate NOVEMBER 2013 2.48% 1.59% YEAR AGO 3.39% 2.99% YEAR-OVER-YEAR CHANGE -26.9% -46.9% Top Core-Based Statistical Area NOGALES, AZ 90+ Day Foreclosure Delinquency Rate Rate NOVEMBER 2013 2.48% 1.59% YEAR AGO 3.39% 2.99% YEAR-OVER-YEAR CHANGE -26.9% -46.9% note: The 90+ day delinquecy rate is the percentage of outstanding mortgage loans that are seriously delinquent. The foreclosure rate is the percentage of outstanding mortgage loans currently in foreclosure. State rank is based on the November 2013 foreclosure rate. All figures are rounded to the nearest decimal. The unemployment rate reflects preliminary November 2013 figures released by the Bureau of Labor Statistics. All other data courtesy of LPS Data & Analytics. ARIZONA: Yavapai, Coconino, Gila County Holly Grigaitis Designated Broker 928.284.9367 reo@op onsaz.com op onsaz.com MEMBER California Joyce Essex joyce@essexharvey.com www.EssexHarvey.com 310-777-6375 phone 310-922-7476 cell Serving All Los Angeles County California RANK: 44 90+ Day Foreclosure Unemployment Delinquency Rate Rate Rate NOVEMBER 2013 1.96% 0.87% 8.5% YEAR AGO 3.11% 1.85% 9.9% YEAR-OVER-YEAR CHANGE -36.7% -53.0% -1.4% Top County SIERRA COUNTY 90+ Day Foreclosure Delinquency Rate Rate NOVEMBER 2013 2.29% 2.16% YEAR AGO 3.79% 2.01% YEAR-OVER-YEAR CHANGE -39.7% 7.5% Top Core-Based Statistical Area SUSANVILLE, CA 90+ Day Foreclosure Delinquency Rate Rate NOVEMBER 2013 3.04% 1.84% YEAR AGO 3.13% 2.75% YEAR-OVER-YEAR CHANGE -2.8% -33.1% note: The 90+ day delinquecy rate is the percentage of outstanding mortgage loans that are seriously delinquent. The foreclosure rate is the percentage of outstanding mortgage loans currently in foreclosure. State rank is based on the November 2013 foreclosure rate. All figures are rounded to the nearest decimal. The unemployment rate reflects preliminary November 2013 figures released by the Bureau of Labor Statistics. All other data courtesy of LPS Data & Analytics. IN THE NEWS California Home Sales Abate to Close Out Year Single-family and condominium sales in California closed 2013 on a cautiously positive note, even though overall sales were down notably from the year prior, according to the latest quarterly market activity report from real estate tracking firm PropertyRadar. December sales in the Golden State's home and condo market grew 1.4 percent over November 2013 sales, but were down by nearly 20 percent from December 2012. Overall, 2013 property sales—distressed and non-distressed—finished at their lowest numbers since 2007. December also marked the fifth straight month that sales were below those in the same months one year prior. Madeline Schnapp, director of economic research at PropertyRadar, attributed the drop in sales partly to the 115-basis-point increase in mortgage interest rates that have been in place since May. She referred to the increase as "a drag on the California real es- tate market." Double-digit monthly increases in median home prices that occurred in 2012 and the first half of 2013 also came to an abrupt stop in June, making median prices more or less unchanged since, she said. Median sale prices sat at $360,000 since June and increased to $365,000 in Novem- ber. is is up from the $300,000 median value that marked 2012 sales. PropertyRadar attributed the increase to a shifting mix of distressed and non-distressed home and condo sales between 2012 and 2013. e biggest drop was in distressed proper- ties, where sales finished 2013 nearly 55 percent lower than they had in 2012. Still, distressed properties made up a quarter of California's sales in December. Distressed property sales were highest in non-coastal counties and reached their peak in Merced County, where they made up nearly 38 percent of home and condo sales in December. Foreclosure sales, though up 10 percent from November to De- cember, were also cut in half in 2013 compared to 2012. Cash sales remained relatively stable at roughly 24 percent of sales. Flipping and investment group trans- actions eased off in Q 4. e number of properties bought and sold within six months dropped 17 percent in November and made a modest 9 percent recovery in December.