Texas Property Insider- Austin Real Estate and Texas Coastal Real Estate Blog

Welcome to Texas Property Insider. The purpose of this blog is to provide accurate and helpful information about market trends and issues important to property owners in Central Texas and on the Texas Coast. You hear a lot of talk out there. You see the statistics, read the stories in the newspaper and you see practitioners regurgitate those same stories and statistics. There is more information available then ever before. But why is it, even after all of the stories and pundits have had their say, you still feel you can’t grasp what’s really happening in the real estate market?


There is a lot more to it than simple statistics and market info. These numbers are helpful and vitally important, but if taken at face value they can be misleading, even deceiving. As Mark Twain once said, “There are lies, damned lies and then there are statistics.” I created this blog to pull back the curtain on Texas real estate, interpret the market information and present it to you in a format that is both pithy and easy to digest.

Friday, February 5, 2010

Austin Foreclosures Remain Stable



Foreclosure rates in the Austin-Central Texas region increased slightly in December, less than 1 percent, according to a First American CoreLogic report today.
The foreclosure rate among outstanding mortgage loans hit 1.02 percent locally, which represents a 0.46 percentage point increase compared with December 2008. The local rate is still far below the national average, which reached 3.16 percent in December.
The mortgage delinquency in Central Texas also increased that month with 3.79 percent of loans 90 days or more delinquent. The rate was 2.3 percent the same time in 2008.
courtesy austin business journal
These signs show Austin continues to be a top real estate market in the United States.

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