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Jill Smith

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Foreclosure Rate Down for the First 7 Months of 2011

July 19th, 2011


The number of foreclosure postings in Harris County during the first seven months of 2011 dropped in comparison to the same time period last year — marking only the second time in the last 11 years for a drop in year-to-date postings in July.

Research by Foreclosure Information & Listing Service Inc. of The Woodlands shows 26,297 properties were posted for foreclosure from January through July, a decrease of 2.51 percent from the first seven months in 2010.

“Discounting an anomolous period between 2005 and 2006, this is the first time since 1999 to 2000 that year-to-date postings in the current year have dropped over the previous year,” according to the firm’s monthly foreclosure report.


Disclaimer : The views and opinions expressed in this blog are those of the author and do not necessarily reflect the official policy or position of the Houston Association of REALTORS®

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