Since President Obama will be visiting the Phoenix Area tomorrow
Thursday, January 8, 2015, I think it might be helpful to update what has been
happening with Underwater Arizona Homes, Arizona Companies, Arizona's Hospitals and Arizona's
economy just before and during the Obama Administration.
On the Arizona Home Residence Mortgage Front, from a review of the excellent CoreLogic Quarterly Negative Equity
Reports, the State of Arizona has made a monstrous improvement in the percentage of
its Residential Homes with Mortgages which have Negative Equity.....or are
Underwater.
CoreLogic reported that in March 2010, 51.3% of Arizona Homes with
Mortgages were Underwater. On the very positive side, this 51.3% dropped
precipitously by 63% to 19.0% in the most recently reported June 2014.
During this most recent four and one-fourth years where the percentage
of Arizona Underwater Homes declined by a massive 63%, Barack Obama was
US President, John McCain was a US Senator from Arizona, and the US
Federal Reserve was Headed by two brilliant people.....Ben Bernanke and
Janet Yellen.
And I agree with Financial Guru Jim Cramer when he asserts that President
Obama's Executive Action on Immigration Reform will be helpful to the
still somewhat depressed US Housing Market.
