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Why Does Arizona Still Have High Foreclosure Rates?

Arizona was one of the states, along with Nevada and Florida, hit especially hard in the real estate market during the depths of the great recession.

But signs have indicated a return to normalcy in the housing market over the past few years. So why is Arizona still among the handful of states with a high number of foreclosures?

We asked Realtor John Wake of ArizonaRealEstateNotebook.com.

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Steve Goldstein was a host at KJZZ from 1997 to 2022.