The Austin Business Journal just reported a story that once again shows positive signs for the Texas Real Estate Market. Foreclosures were down over last year and over last month, which shows that we are bucking the national trends. Our markets never saw the overinflated appreciation rates that many other areas of the country saw, and therefore we are not seeing the bursting of the bubble either:
"Texas foreclosure numbers down, recent report shows
Austin Business Journal
Texas is bucking the national trend of rising property foreclosure rates, according to a California-based research company.
A total of 10,700 Texas properties entered the foreclosure process during March, down more than 16 percent from the volume of filings recorded in March 2007, a recent report by Calif.-based RealtyTrac shows. The March foreclosure figure also represents a decrease of almost 13 percent from filings reported this past February.
Nationwide, a total of 234,685 properties entered the foreclosure process during the month of March -- marking a 57 percent increase from the number of filings in March 2007 and a 5 percent bump from February 2008's mark, RealtyTrac reports."
The Liberty Hill real estate market is still going strong, and we are still seeing properties sell quickly when they are priced correctly, the condition is good, and when they are marketed well!
