Found 1 blog entry tagged as residential foreclosures.

Austin Business Journal reports, "property foreclosures in the Austin metro climbed in 2023 — tracking a rise in local unemployment — but were relatively low by historic standards.

Foreclosures, which are legal proceedings by mortgage lenders to seize property when borrowers are in default, numbered 1,438 in the area last year, up 389 from 2022, according to Attom Data Solutions, a real estate information company.

Despite what equates to a 37% increase, however, the figure is below the levels immediately prior to the Covid-19 pandemic and well under those seen more than a decade ago on the heels of the last recession.

Foreclosures were up across the state and nation last year. They rose 51% in the Houston metro compared to 2022, 19% in the…

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