Austin & Steiner Ranch forclosure market.
The following is a article posted in the Fort Worth Star-Telegram. It is interesting that the total number of foreclosures for the month is down, however there are still far too many and it is going to take sometime to work through these. For "sellers" it creates much more competition. Buyers are considering foreclosure properties even though there may be few or none in your neighborhood. This points out the importance of proper pricing and presenting your proberty with more features and condition than a competing foreclosure. We deal with foreclosure, resale, and new home markets everyday and are very knowledgeable with the advantages and disadvantages of each. This is where we can help you so just email or give us a call.
FORT WORTH (Fort Worth Star-Telegram) – Residential foreclosures last month were down 2.9 percent in Texas and 10 percent nationwide compared with a year ago, according to the latest data from RealtyTrac.
Some 11,727 postings were filed last month in Texas, which means one in every 819 housing units received a notice, RealtyTrac said.
Nationwide, 325,229 postings were filed, or one in every 397 housing units. Although it's a drop from a year ago, the number was up 3.6 percent from June, the firm said.
July was the 17th straight month that U.S. foreclosure postings topped 300,000, RealtyTrac CEO James Saccacio said.