RealtyTrac: Arizonas home foreclosure rate improves (slightly)

After three consecutive years of holding strong at No. 2, Arizona’s 2.69 percent home foreclosure rate dropped to the No. 3 spot in the nation last year, according to RealtyTrac’s 2012 year-end report released late Wednesday.

Improving from second worst to third worst is hardly an improvement by most standards. However, foreclosure activity throughout Arizona was still down significantly â€" by 33 percent from 2011 and 51 percent from 2012.

That 33 percent year-over-year decline in foreclosure…

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