1 in 730 in TX; 1 in 69 in NV
Thanks to our friends at Austin Title Midtown …
An excerpt of the Texas Economic Update released by SigmaBleyzer, an economics forecasting and private equity firm out of Houston:
"Historically low rates and more affordable house prices should support housing markets as the first time homebuyer tax credit expires. Still, local markets that were hardest hit by the housing bust may face prolonged recovery as more fail to service their debt. In fact, in the first quarter of 2010, over 10% of all loans were late (up from 9.5% at the end of 2009). Yet, according to Realty Trac, only one in 730 housing units in Texas was in foreclosure in April (compared to one in 69 in Nevada, one in 181 in Florida, and one in 192 in California)."
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Entry filed under: In the News.