ACCORDING TO REALTYTRAC®
Activity Level Up 26 Percent From September 2006
RealtyTrac publishes the largest and most comprehensive national database of foreclosure and bank-owned properties, with over 1 million properties from nearly 2,500 counties across the country, and is the foreclosure data provider to MSN Real Estate, Yahoo! Real Estate and The Wall Street Journal’s Real Estate Journal.
“Since leading the country in total foreclosure activity for most of 2006, Texas continues to come back strong in 2007 as activity is down significantly over the past 10 months and up only slightly from this time last year,” said James J. Saccacio, chief executive officer of RealtyTrac. “Unemployment is down below the national average, plus home prices are maintaining at a good positive level. Both factors taken together are part of the reason foreclosures around the state are continuing their downward trend this year.”
Although ranked fifth in the country for October, foreclosure activity in the
The state’s foreclosure rate of one foreclosure filing for every 735 households was ranked 15th among the 50 states.
With one foreclosure filing for every 261 households — 2.8 times the state average and 2.1 times the national average,
State a significant contributor to nation’s total for the month
Total filings in
The RealtyTrac Monthly U.S. Foreclosure Market Report provides the total number of foreclosure filings — both nationwide and by state — over the preceding month. RealtyTrac’s report includes properties in all three phases of foreclosure: Defaults — Notice of Default (NOD) and Lis Pendens (LIS); Auctions — Notice of Trustee
For current news and information regarding foreclosure-related issues and trends, check out our blog at www.ForeclosurePulse.com.
About RealtyTrac Inc.
Ranked as the third largest real estate site by MediaMetrix, and No. 53 on Inc. magazine’s 2006 Inc. 500 list of the nation’s fastest growing private companies, RealtyTrac Inc. (www.realtytrac.com), is the leading online marketplace for foreclosure properties, providing all the resources that home seekers, investors and real estate agents need to locate, evaluate and buy properties below market value.
Founded in 1996, RealtyTrac publishes the largest and most comprehensive national database of pre-foreclosure, foreclosure, For Sale By Owner, resale and new homes, with more than 1.3 million properties across the country, property reports, productivity tools and extensive professional resources. RealtyTrac hosts nearly 3 million unique visitors monthly and has been chosen to supply foreclosure data to MSN Real Estate, Yahoo! Real Estate and the Wall Street Journal’s Real Estate Journal. For more information, visit (www.realtytrac.com).
Atomic Public Relations