June 2008 Local Real Estate News
By Mike Wong, Realtor: Commercial, Residential, Leasing, Invest
(Keller Williams Realty Southwest)
Foreclosures in Harris County Rise This Year As we know, Houston is not immune to national trends and news because we are an important part of the national economy.. Foreclosures were up 16% for the first six months of the year in Harris County. That is a stable number considering the national reported average was as increase of 48% as I mentioned in my blog: Forclosure filings increase. For 2007, foreclosures jumped 24% percent from 2006 in Harris County, still only half of the national average. Foreclosures slipped in June to 1,034, from 1,119 during the same month last year, indicating the rate of foreclosures may be moderating in Harris County. Houston is not immume but we are very resilient to the national crisis. Remember real estate is a local market. Our prices are dfferent than...
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