Austin Foreclosures Down In April 2010 - Austin Local
  Economy | News | Real Estate

Austin Foreclosures Down In April 2010


Read time: < 1 minute

Austin foreclosures are on the decline this past month, dropping from 1,127 foreclosed homes in March 2010 to 1,109 Austin homes in April 2010, a 1.6% decrease, according to reports by RealtyTrac Inc. However, compared to this time last year, in April 2009, Austin-area foreclosures were 45% below the number of foreclosures on the market today. Experts on the real estate market emphasize that comparing year-to-year foreclosure figures does not indicate the stability of the market as well as month-to-month figures do, hence, the drop in Austin foreclosures in April by 1.6% is a good indicator that Austin’s economy is stabilizing.

Compared to other US metros, Austin’s foreclosure rate ranks well holding position 115 out of 203 metros with the highest foreclosure rates. Texas also fairs well at evading high foreclosure rates with 1 in 731 Texas homes filing for foreclosure versus 1 in 387 US foreclosed homes.

The good news is that April was the first month to see a decrease in foreclosures in the Austin real estate market as well as a national decrease in the US housing market. Less foreclosures means higher property value, so this comes as good news to Austin homeowners and all homeowners nationwide.

Continue reading about Austin’s year-over-year foreclosure rate increase and month-to-month foreclosure rate deacrease here.

Related links

Leave a Comment

Related Posts

None found

INSTAGRAM

This moment calls upon us all to speak and act against racial injustice. We are hopeful for a brighter future, but we must do more. Now is the time for community building, neighborliness, and love. ❤️ ...

143 4

How is COVID-19 impacting the Austin housing market and home values in the future? 🧐🏡 Join Realty Austin’s co-founder, @jonathanboatwright, as he interviews nationally recognized real estate economist, Dr. Mark Dotzour, for an entertaining and informative virtual event. Mark will be answering questions on what to expect for mortgage rates, home prices, job growth, the stock market, and more. See details and register for this exclusive online event with the #LinkInBio⁠
•⁠
•⁠
•⁠
•⁠
•⁠
•⁠
•⁠
#realtyaustin #austinrealestate #austinhomes #realtor #realestate #investment #broker #realty #business #finance #stockmarket #economic #economy #realestatemarket #housingmarket
...

59 2

We did it!! 🎉With the help of our agents, staff, and the community, we’ve surpassed our fundraising goal of $25k in support of the @ctxfoodbank! In addition, we pledged to match the fund, donating an additional $25k, making all campaign donations twice as meaningful. Join us in making sure no Central Texan goes hungry during these uncertain times by continuing to give back. #linkinbio 🥕🍎🍞#realtyaustin #centraltexasfoodbank #giveback #austintexas ...

53 1

Pin It on Pinterest