Austin Real Estate

A friend of mine has been looking around at some Austin Real Estate. She plans on making a move sometime this summer, but she wants to go ahead and find something instead of waiting until the last minute. Actually, if she could make it possible, she really wants some Austin Lakefront Property.

Next week, she plans on flying out there and spending an entire week just searching for that perfect place. Although, she has been keeping her eye out on foreclosures in the area. Although, Austin Real Estate owned REO Properties are sometimes hard to come by and especially if your not in the area when something becomes available. But I wish her the best of luck, and I am sure whatever she finds will be perfect.

Foreclosure Descreased in September

RealtyTrac, the leading online marketplace for foreclosure properties, today released its U.S. Foreclosure Market Report for September 2008. Foreclosure filings were reported on 265,968 properties in September, which was a 12 percent decrease from the previous month but still a 21 percent increase from September 2007. This is good news even though the foreclosure rate is still a major concern for everyone. Foeclosure filings were reported up more than 3 percent during the third quarter of the year. That is up 71 percent from the third quarter of 2007.

RealtyTrac publishes the largest national database of foreclosure and bank-owned properties, with over 1.5 million properties from over 2,200 counties across the country, and is the foreclosure data provider to MSN Real Estate, Yahoo! Real Estate and The Wall Street Journal's Real Estate Journal.

According to James J. Saccacio, the chief executive officer at RealtyTrac, "Much of the 12 percent decrease in September can be attributed to changes in state laws that have at least temporarily slowed down the pace at which lenders are moving forward with foreclosures,"

Nevada, Florida, California were the top state foreclosure rates in September. I sure hope things change soon for the economy and hope it isn't too far down the road.

Surprising Hot Spots for Foreclosures

Yahoo News reported some wealthy areas that are being hit with the foreclosuring dilemma that faces this nation. Some of which included different areas in California and Miami Beach. Apparently with this spread of financial problems across the United States, no one is safe!