The Carvajal Group Blog

Foreclosures Reach New Record

July 16th, 2009

The number of foreclosures across the United States has hit a record high fro the first half of the year.  It is believed that more than 1.5 million properties are having to deal with foreclosure issues.

It is now believed that 1 out of 84 homes in the United States are in foreclosure.

Many worry that these foreclosures will continue the current economic recession and will further drive housing prices down in many areas.  It is important to remember that Texas is not as badly effected as many other areas across the nation.

If you are looking for Austin real estate, visit the Austin homes of the Carvajal Group at 512-419-7770.

Tags: Austin Real Estate · Austin Real Estate Agent