Residential foreclosures in July were down 2.9 percent in Texas and down 10 percent nationwide compared with a year ago, the latest RealtyTrac survey finds.
In all, 11,727 postings were filed last month in Texas, which means 1 in every 819 housing units received a notice, RealtyTrac said. Postings were down 3.7 percent from June, the real estate data firm said.
Nationwide, 325,229 postings were filed, or 1 in every 397 housing units. Although it’s a drop from a year ago, the number was up 3.6 percent from June, the firm said.
July was the 17th straight month that U.S. foreclosure postings topped 300,000, RealtyTrac CEO James Saccacio said.
Nevada continued to have the nation’s highest foreclosure rate, with 1 in every 82 housing units receiving a notice, RealtyTrac said. It was followed by Arizona and Florida.
Foreclosure filings in California accounted for 21 percent of the national total in July, RealtyTrac said. Even so, filings were down 38 percent from a year ago and down 3 percent from June.
Source: Star Telegram