Don’t believe me? Check out this article from the Fort Worth Star-Telegram published last week. Not only did residential foreclosures fall 2.9 percent in Texas last month, but they dropped a staggering 10 percent nationwide. Take that, doomsday sayers!
For those of you who just love statistics, here’s how the numbers roll:
- There were a total of 11,727 foreclosure postings filed last month in Texas (which equals 1 in 819 housing units)
- Nationwide, 325,229 postings were filed (or 1 in every 397 housing units)
- Unsurprisingly, Nevada continues to have the highest foreclosure rate in the nation (1 in 82 housing units), followed by Arizona and Florida.
- However, even in California, another major foreclosure state, filings were down 38 percent from July 2009 and down 3 percent from June 2010.
Hmm… All of this looks suspicious like good news to me. I’ll end this post with some wise words from a little-known gentleman named Winston Churchill: “A pessimist sees the difficulty in every opportunity; an optimist sees the opportunity in every difficulty.”
That’s all for now, folks. Take care of yourselves and each other, and remember…
NOW you have options!
