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Foreclosures High-The housing bubble is bound to pop |
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Sunday, 08 May 2005 |
Economist frets over bubble
If prices go poof across the nation, area will feel pain
So when's it going to happen? University of Houston economics professor Barton Smith believes the bubble is bound to pop,... But ominous signs are looming, Smith said. Foreclosures, for example, are as high today as they were in 1991. And builders in Houston are putting up single-family homes faster than they can be sold. In the past year, 42,000 single-family home permits were issued, but the area gained only 15,000 households. Related article: Prices flat here as housing in U.S. booms |
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Texas Forclosure still a crisis |
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Saturday, 07 May 2005 |
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Texas home foreclosures decreased in April
(05/06/2005 © Austin Business Journal )
In Texas, 3,481 new residential Foreclosures were listed for sale as of the end of April -- bringing the state's total number of foreclosed properties to 9,266 for the year through April. At the end of March, 3,645 new homes put up for sale because of foreclosures. The number of U.S. foreclosed homes reached 76,786 during the first four months of this year. |
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Foreclosures–One Texas County exceeds California, West Virginia, Montana and Hawaii Combined |
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Friday, 18 March 2005 |
Texas leads the nation in total home foreclosures
Texas has earned bragging rights in a dubious arena: Homeowners went to foreclosure in 2004 in total numbers that far exceeded any other state.While the state was laying claim to No. 1, Bexar County had more residential foreclosures in December than California, West Virginia, Montana and Hawaii combined. |
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