A new report from Arizona State University shows that foreclosures spiked in the Phoenix area in January to more than 40 percent of all home sales.

Having judges verify that mortgage lenders followed proper procedures before foreclosures would protect homeowners from misrepresentations and fraud, a state lawmaker contends.

A new report shows home prices in the Phoenix area dropped by 8 percent in December from the same period a year ago.

Experts have pushed back their predictions on when metropolitan Phoenix’s housing market will recover.

All the big guns have been drawn for the perennial battle over just what exactly homeowners associations may do.

For 2011, it’s over how much an association can charge for processing documents when a resident is selling his or her house.

Sen. Andy Biggs, a Republican from Gilbert, wants to limit the fee to a per-page cost of 10 cents for the documents.

A new report shows home prices in the Phoenix area dropped by 8 percent in December from the same period a year ago.

The bleakest year in the foreclosure crisis has only just begun.

A new report shows home prices in the Phoenix area dropped by 7 percent in November compared to the same period in 2009, the fourth month in a row that prices slumped.

As the Phoenix area’s crush of foreclosures has drawn national attention, routinely ranking that area among the most severely hit markets in the U.S., rural communities here have been quietly grappling with their own crisis.

Mortgage finance giant Fannie Mae has opened a mortgage help center to help struggling homeowners with loans owned by the company.