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.
Subscribe to:
Post Comments (Atom)
No comments:
Post a Comment