It’s Ugly in Arizona

Staggering numbers from Arizona tonight. Here’s the basic question: “Can we ever recover”?

Bankruptcies rock Arizona

A rising number of Valley residents and businesses threw in the towel last month, filing nearly twice as many bankruptcy petitions in December compared with the previous year. Total filings in metro Phoenix, primarily from consumers, increased 97 percent in December, driven by a [...]

Oh, next door in California? Not. Good. Either.

Southern California home sales dive as buyers exit (lowest in more than 20 years)

Home sales in Southern California sank to their lowest in nearly two decades in December as buyers were sidelined or dropped out of the market because they could not obtain mortgages, according to a report released on Tuesday. A total of [...]

 

Tags: Bankruptcies, Economy, Home Sales