Register Real Estate Advisors

The foreclosure data tracking company Realty Trac reports the national foreclosure rate declined 8% in November compared to October, but is 18% higher than in November 2008.

According to the report, 1 in every 417 homes in the US received a foreclosure filing in November.  It was the 4th consecutive month of declines.  Hard-hit Nevada, Florida, and California continued to show the highest foreclosure rates, but each also showed that defaults were slowing.

In Nevada, 1 in every 119 homes received foreclosure filings, a 33% decrease from the month before.  In Florida, 1 in every 165 homes received foreclosure filings and in California the rate was 1 in every 180 homes.  In raw numbers, California, Florida, Illinoise and Michigan accounted for 50% of all filings in the country.

Article taken from The Real Estate Professional January/February 2010 Issue

DALLAS (Dallas Morning News, San Antonio Express-News, Austin Business Journal) – San Antonio and Dallas–Fort Worth experienced a record-setting year of home foreclosure listings.

December’s surge in DFW home foreclosure filings pushes the area’s year-end total over 61,000, up 23 percent from the 2008 total, according to Addison-based Foreclosure Listing Service.

More than 5,200 North Texas homes are posted in foreclosure for December, an increase of 30 percent from a year ago.

RexReport.com reports that San Antonio’s total foreclosure postings in 2009 are up 42 percent from 2008. With nearly 16,000 properties in some stage of foreclosure over the year, the Alamo City hasn’t seen a number that high in two decades.

Over 1,400 homes are listed for the December auction, a 40 percent increase from December 2008.

Meanwhile, foreclosures across Texas fell 10.7 percent to 11,798 postings in October from the previous month, but were 19.2 percent higher than October 2008 numbers, according to RealtyTrac Inc.

Texas has the 23rd highest foreclosure rate in the nation.