Central Texas Foreclosures Picking Up
While most of the attention on the Texas foreclosure market is focused on the larger cities like Dallas, San Antonio and Houston, the market for central Texas foreclosure is also picking up at quite a rapid speed. Bell County, one of the most prominent central Texas counties, recently recorded an 18% rise in its rate of foreclosure from March to April, and a 33% rise from April of 2007. This is the biggest increase in the area, and has led the way to lots of foreclosures going up for sale and many being bought for low prices.
Nearby McLennan County, which saw a lot of foreclosure activity in past years, actually had their rate of foreclosure drop by about 8% from March to April. However, their overall rate is still up roughly 20% from where it was one year ago today.
The foreclosure index is predicted to continue to rise well into 2008 in both of these counties, creating lots of opportunities for investors interested in Texas foreclosures. Already to date, Bell County has recorded nearly 700 foreclosures this year, a figure that is up nearly 60% from where it was in 2006.
Related Links:
- Dallas Foreclosure Listings
- San Antonio Foreclosure Listings
- Houston Foreclosure Listings
- Foreclosure Listings
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