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92 STATE OF AFFAIRS: WEST ยป Alaska RANK: 51 90+ Day Foreclosure Unemployment Delinquency Rate Rate Rate APRIL 2014 1.10% 0.50% 6.4 YEAR AGO 1.13% 0.71% 6.4 YEAR-OVER-YEAR CHANGE -2.8% -29.5% 0 Top County FAIRBANKS NORTH STAR BOROUGH 90+ Day Foreclosure Delinquency Rate Rate APRIL 2014 2.07% 0.99% YEAR AGO 2.21% 1.21% YEAR-OVER-YEAR CHANGE -6.2% -17.7% Top Core-Based Statistical Area FAIRBANKS, AK 90+ Day Foreclosure Delinquency Rate Rate APRIL 2014 2.07% 0.99% YEAR AGO 2.21% 1.21% YEAR-OVER-YEAR CHANGE -6.2% -17.7% 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 April 2014 foreclosure rate. All fi gures are rounded to the nearest decimal. The unemployment rate refl ects preliminary April 2014 fi gures released by the Bureau of Labor Statistics. All other data courtesy of LPS Data & Analytics. Arizona RANK: 44 90+ Day Foreclosure Unemployment Delinquency Rate Rate Rate APRIL 2014 1.44% 0.65% 6.9 YEAR AGO 1.87% 1.37% 8 YEAR-OVER-YEAR CHANGE -23.0% -52.2% -1.1 Top County PINAL COUNTY 90+ Day Foreclosure Delinquency Rate Rate APRIL 2014 1.96% 1.29% YEAR AGO 2.39% 2.19% YEAR-OVER-YEAR CHANGE -17.8% -41.4% Top Core-Based Statistical Area NOGALES, AZ 90+ Day Foreclosure Delinquency Rate Rate APRIL 2014 2.76% 1.27% YEAR AGO 2.58% 2.60% YEAR-OVER-YEAR CHANGE 6.9% -51.2% 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 April 2014 foreclosure rate. All fi gures are rounded to the nearest decimal. The unemployment rate refl ects preliminary April 2014 fi gures 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 IN THE NEWS A Tale of Two Cities: Phoenix and Cleveland Pro Teck Valuation Servicers released its April Home Value Forecast (HFV), looking specifically at two metros where there is a mix of hot and cold real estate markets. e company's April edition focuses on Phoenix and Cleveland. "Based on the past, current, and predicted housing market trends from our Home Value Forecasts, Phoenix's outlook looks fruit- ful and faster-moving, while Cleveland's (although it may be a buyer's market to some) overall recovery is more complicated and sluggish," said Tom O'Grady, CEO of Pro Teck Valuation Services. "In Phoenix, demand remains high and market fundamentals are strong. Below six months of remaining housing inventory sup- ports this, as do active listing prices and sale prices, which are respectively up by 27 percent and 15 percent," O'Grady added. e company found that while employ- ment and job growth are trending upward, Cleveland is still lagging behind Phoenix's recovery. Cleveland's foreclosures are cited as being on the higher side, leaving it in the bottom 10 of the HFV. "e update shows that Cleveland's REO discount has been 53 percent to 65 percent over the last three years; Phoenix has been between 9 percent and 19 percent," the company said. "Unlike Phoenix, Cleveland's REO foreclosure issue faces further challenges than just a late start. Ohio is a judicial state, mean- ing that every foreclosure must cycle through a court proceeding before being eligible for purchase (unlike Arizona, where speedier non-judicial foreclosures cleared up the bulk of REO inventory by 2012)," O'Grady noted. Metros topping the list of the HFV for April are nearly all in California. Los Angeles-Long Beach-Glendale, Merced, San Rafael, Santa Rosa, and Oxnard-ousand Oaks-Ventura round out the top five. e bottom five is more scattered, with Cleveland-Elyria, Ohio; Columbus, Ohio; Fort Lauderdale-Pompano Beach-Deerfield, Florida; Jacksonville, Florida; and Kansas City, Missouri/Kansas, in the bottom five. "Positive trends are much more evident in our bottom 10 than in previous months, par- ticularly with months of remaining Inventory, sales prices, and active days on the market," O'Grady said. "Also of note is that all of the metro areas in our bottom 10 except for Little Rock, Arkansas, are from judicial states." California RANK: 42 90+ Day Foreclosure Unemployment Delinquency Rate Rate Rate APRIL 2014 1.59% 0.74% 7.8 YEAR AGO 2.58% 1.40% 9.1 YEAR-OVER-YEAR CHANGE -38.4% -47.2% -1.3 Top County LASSEN COUNTY 90+ Day Foreclosure Delinquency Rate Rate APRIL 2014 2.19% 2.31% YEAR AGO 3.59% 2.29% YEAR-OVER-YEAR CHANGE -39.0% 1.0% Top Core-Based Statistical Area SUSANVILLE, CA 90+ Day Foreclosure Delinquency Rate Rate APRIL 2014 2.19% 2.31% YEAR AGO 3.59% 2.29% YEAR-OVER-YEAR CHANGE -39.0% 1.0% 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 April 2014 foreclosure rate. All fi gures are rounded to the nearest decimal. The unemployment rate refl ects preliminary April 2014 fi gures released by the Bureau of Labor Statistics. All other data courtesy of LPS Data & Analytics. Median home prices were up 2 percent from March to April to $369,000, the highest level in six years, according to Property Radar. KNOW THIS