Things may be finally starting to cool off on the Texas foreclosure market, as new statistics released show that the total foreclosure inventory for the state is down nearly16% from where it was one year ago in March of 2007. The state currently has roughly 10,700 properties in some stage of foreclosure, and while this is quite high compared to other states nationally, it represents a fairly significant drop in the market, which was one of the hottest around for several years.
It seems the trend may continue as well, as the current totals represent a 13% drop from the previous month, while inmost other states the foreclosure total increased from February to March.
But while the totals for the state are down, certain regional markets are still quite full of foreclosure investment opportunities. The Dallas and Fort Worth area has long been a hotbed of foreclosure activity, and continues to be in 2008. In fact, the north eastern region of the state seems to be contributing much of the overall foreclosure activity in Texas. Suburban areas like the city of Denton, which has a drastically high foreclosure rate, are making up for much of the homes available on the current market.
If you’ve been considering an investment in Texas through the foreclosure market, now is the time, before things start to slow down all over. The more homes on the market, the better prices you’ll find at auction and bank sales.
Related Links:
- Arligton TX Foreclosures
- Dallas TX Foreclosures
- Fort Worth TX Foreclosures
- Texas Foreclosure Homes
- Foreclosure
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