Foreclosures drop around Austin

Posted by Crystal Olenbush on Wednesday, June 27th, 2007 at 5:08pm.

Central Texas foreclosures are down to their lowest level in four years!

As foreclosures are increasing around the country they are becoming more rare in Austin and the surrounding area.  The real estate market in Austin is very strong right now and that makes it easier for sellers to get out of properties quickly when facing financial problems.  Austin also has very low unemployment - another factor in the low foreclosure rate.

Things are looking good for Austin.  We should see another great year for housing appreciation!

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