May 20, 2009 -
By Aleshia Howe
Just in time for the start of the home buying season, new reports show residential foreclosure numbers in Collin County and surrounding areas are on the decline – but so are home sales prices.
The first quarter of 2009 showed an 11.9 decrease in the number of new foreclosures compared to the same time last year, according to the Collin County Association of Realtors. The CCAR Pulse, which studies the 36 real estate markets of 36 local communities, also showed more than 25 percent of area homes sold in the first quarter were foreclosure listings – up 19 percent from the same time last year.
In a separate report, Addison-based Foreclosure Listing Service Inc., a company that tracks foreclosure postings and auctions in 19 Texas counties, tallied a 13 percent drop in Collin County foreclosures from May 2008 to May 2009.
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Thursday, May 21, 2009
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