Another swing state, another problem. The AZ Republic has the story:

In total, RealtyTrac has estimated that one of every 92 households in Arizona is in some stage of foreclosure, meaning the situation is likely affecting both speculators and average homeowners. …

That firm shows that 2,952 homes were foreclosed on in Maricopa County from January through June, up from 208 during the first half of 2006.

1300% increase in 2 years?

H/T: The Housing Bubble Blog