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Fewer Arizona homes going into foreclosure

PHOENIX -- Fewer homes in Arizona and across the nation are entering foreclosure.

Foreclosure starts are down 33 percent in 2013 from 2012 nationally, according to Realty Trac. Arizona is showing a drop of almost 60 percent. Realtor Randy Courtney said the icing on the cake is that home prices continue to rise.

"Resale homes are the majority of sales and new home builders are gaining momentum. We're seeing a lot of positives," he said.

Home prices were up by about 20 percent last year in the Valley. Courtney expected an 8-9 percent boost this year.

About the Author

Position: Senior News Reporter. Started with KTAR July 4, 1999.

Favorite spots in Arizona: Pinetop-Lakeside, Alpine, Greer.

Have covered some of the biggest stories in Arizona including nine of the top 10 largest wildfires in state history. The Wallow Fire in 2011 became the largest fire in state history. Rodeo-Chediski Fire in June 2002, which is the second largest fire in Arizona. Covered the Yarnell Hill Tragedy in June 2013 that left 19 Granite Mountain Hotshots dead.

Favorite movies: True Grit, both 1969 John Wayne classic and the remake with Jeff Bridges and Lonesome Dove.

Sports Teams: Washington State University Cougars, Texas Longhorns, The University of Montana Grizzlies.


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