Austin TX Real Estate - Hill Country Austin Lakeway Homes for Sale: Texas is Out of the Top 10 of Foreclosures!!!

Texas is Out of the Top 10 of Foreclosures!!!

All Texas cities are finally out of the top 10 areas for foreclosures.  What a huge jump.  Texas, as a whole, has been at number one and number 2 a few times...

Dallas is ranked 17th and FtWorth-Arlington area is ranked 13th.  So, we're not out of the top 10 by very far, but it's definitely a turn in the right direction!

Compared to the first half of 2006, Texas filings were actually down by 13%.  All major Texas big city areas were down, except the Ft Worth- Arlington area, which was up 5%... again, it's the lower end properties where the people are typically first time home buyers, who end up not being able to take the responsibilities of home ownership and got in over their heads.

 

Comment balloon 2 commentsDonna Harris • August 22 2007 03:22PM

Comments

I saw this report. I really wasn't sure what to make of it.... I guess the property owners in the high cost(recent high appreciation) areas are finally letting go of their homes.

Posted by Tom Burris, Texas/Louisiana Mortgage Pro - 13 YRS Experience (NMLS# 335055) over 11 years ago
Hey Tom!  Yes, they mentioned Florida, Cali, and other high-end areas as some of the top 10. 
Posted by Donna Harris, Realtor,Mediator,Ombudsman,Property Tax Arbitrator (Donna Homes, powered by JPAR - TexasRealEstateMediationServices.com) over 11 years ago

Participate