Texas Sees Increase In Foreclosure Filings
The Lone Star State saw a slight increase in foreclosure activity in the 11th month of 2010. A total of 13,369 Texas homes received foreclosure notices during the month of November, according to the latest report by Irvine, Calif.-based RealtyTrac.
Treadstone Realty Group: Houston's Premiere Real Estate Firm.
Houston Business Journal reported this week that home prices had seen a steady decrease in the market for the last 3 months. However, the local Houston market has seen a significant gain based on prices over a year ago. HBJ was quoted saying: " Home prices in the Houston-Baytown-Sugar Land metropolitan area were down 1.2 percent during the three-month period ended in November compared to the previous three-month period ending in August, according to a report by research firm Clear Capital. However, local prices jumped 10.1 percent year-over-year for November, giving the Houston area the fourth-largest rise among the Top 15 highest-performing markets behind Honolulu, Washington D.C. and New York City".
LATEST BLOG: Pending Fannie Mae Credit Changes May Help Houston Area Investors!
Buying Houston Investment Foreclosures may be back on track per a recent article written by Diana Olick. Last week I interviewed an investor who buys foreclosed properties and rents them out long-term for solid returns. He claims that's the only way to right the housing market — get long-term investors to eat up the excess inventory.
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Treadstone Realty Group is one of Houston's leading real estate firms, specializing in residential, commercial, luxury, REO, Foreclosures, Short Sales, and InvestmentConsulting.