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The housing bust leaves in its wake elevated foreclosure levels in Texas and the U.S. Like other consequences of the bust, including declines in construction and existing-home sales, foreclosures have been less severe in Texas. While the nation's foreclosure rate has grown nearly sixfold over...
Persistent link: https://www.econbiz.de/10008628389
Despite some of the positive news in housing markets, the rate of mortgage foreclosures and delinquencies in Texas is on a sharp incline. This issue of e-Perspectives provides a list of foreclosure resources.
Persistent link: https://www.econbiz.de/10008616975
In a recent Southwest Economy, Dallas Fed economists D'Ann Petersen and Laila Assanie examine the Texas housing market. Another article, by the Real Estate Center at Texas A&M University, provides an in-depth analysis of Texas' housing affordability and how it differs across the state's...
Persistent link: https://www.econbiz.de/10008616976
Differences in economic factors and mortgage characteristics give the state a lower delinquency rate.
Persistent link: https://www.econbiz.de/10005512490
The current financial crisis has brought a severe decline in subprime mortgage lending. Like the nation, Texas and its metros still have exposure to existing loans. Housing prices, unemployment and overall economic activity will play a significant part in determining how many of them run into...
Persistent link: https://www.econbiz.de/10005512509