Texas foreclosures have been moderate compared to the U.S. trend...
U.S. foreclosures are up 28% YTD for 2008.
Texas foreclosures are down 18% YTD for 2008.
In 2007, Texas was one of only 6 states that reported a decrease (4.6%) in delinquency foreclosure filings vs. a 75% national increase. During the 1st half of 2008, foreclosure filings were up 1% vs. a national increase of 61%!
So far, Texas has avoided high foreclosure levels (compared to the rest of the country). A stronger than national average with fairly low unemployment and continued population growth continues to fuel demand for housing-just not at the unsustainable levels of the boom years.
Hello! Welcome to Tarrant County's real estate blog - all about our local real estate market, breaking news, and the comings and goings of the city's top real estate team, The Don Lawyer Team of Keller Williams Realty. Please check back often for updates, market trend reports, and fun photos! Feel free to browse our site, email us, and send us your questions and comments about our site and services.