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!