WASHINGTON, D.C. (Mortgage Bankers Association) – Foreclosure and delinquency rates were down across the board for Texas in first quarter 2012, according to the Mortgage Bankers Association’s National Delinquency Survey, which was released Wednesday.
Texas’ overall delinquency rate dropped from 9.1 percent in fourth quarter 2011 to 7.3 percent in first quarter 2012, the lowest rate since second quarter 2008.
Mortgages seriously delinquent (90 or more days delinquent or in foreclosure) declined from 4.7 percent in fourth quarter 2011 to 4.4 percent in first quarter 2012.
Loans in foreclosure increased slightly from 1.8 percent to 1.9 percent. However, loans 90 or more days delinquent fell to 2.5 percent in first quarter 2012 from 3 percent in fourth quarter 2011 and from 2.8 percent in first quarter 2011.
Home prices increased in the Austin market by 4.8 percent in March when compared to the same month last year, according to national real estate research and analytics firm CoreLogic . That number factors in distressed sales. Excluding distressed sales, home prices increased even more during that same time frame: 6.7 percent. More modest increases
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Forbes has ranked the Austin metropolitan statistical area No. 1 on its list of the best big cities for jobs. Employment grew 2.2 percent year-over-year as Austin retained the top spot from last year’s list. When looking at all-sized cities, Forbes ranks the Austin area No. 5 overall. Forbes based its rankings on data from
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