Tuesday, March 29, 2011
Foreclosure Market in Texas
According to the Texas Realtor magazine, foreclosure sales are not as big a market in Texas as in most other states. Fifty-seven percent of homes sold in Nevada in 2010 were foreclosure sales, while Arizona hit the 50% mark, according to RealtyTrac. By comparison, foreclosure sales represented 13% of sales. Nationally, the share of foreclosure sales was 26% The average foreclosure sales price in the Lone Star state was $142,049, which is 27% lover than the average non-foreclosure price. Even in states with the highest percentages of foreclosure sales, the numbers are lower than the two previous years. Are you or someone you know considering a home purchase? Contact the Grove Team, (817) 337-0000. Our team's experience and customer service is unsurpassed when it comes to working with you, your family, and your friends.
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