Foreclosures Down Across the Nation, Too, But it Still Is Not Miller Time

Share News:

My colleagues over at AOL say we are not alone with our positive foreclosure numbers, as filings across the country have dropped, though Texas still got lumped in with the new bad boys of real estate: Nevada, Illinois, Ohio, Colorado, Florida. (Why weren’t California and Arizona on that list?) But the story is not about recovery, not yet, not for a long while. Weak demand, falling home prices, and lack of credit are acting like a giant foot squishing the market down.

Oh, and add stupid new Federal regulation to that tamping down list, too.

But I did hear an agent tell me he got a call from Chase the other day and they may be thinking about sorta maybe perhaps doing some (deep breath) condo financing. Glory hallelujah!

mm

Candy Evans

A real estate muckraker, Candy Evans is one of the nation’s leading real estate reporters. She is also the North Texas real estate editor for Forbes.com, CultureMap Dallas, Modern Luxury Dallas, & the Katy Trail Weekly. Candy has written for Joel Kotkin’s The New Geography, Inman Real Estate News, plus a host of national sites. Constantly breaking celebrity real estate news, she scooped former president George W. Bush's Dallas home in 2008. She is the founder and publisher of her signature CandysDirt.com, and SecondShelters.com, devoted to the vacation home market. Her verticals have won many awards, including Best Blog by the venerable National Association of Real Estate Editors, one of the nation’s oldest and most prestigious journalism associations. Candy holds an active Texas real estate license but does not sell. She is on the Board of Directors of Braemar Hotels & Resorts (BHR).

Reader Interactions

Leave a Reply

Your email address will not be published. Required fields are marked *