Earlier this year, El Paso was undergoing a real estate makeover. I haven't been keeping up on the market that much since then, so wanted to revisit their real estate market. The following story is from the El Paso Times.
The number of El Paso
residential properties entering some phase of foreclosure declined
almost 15 percent in the first eight months of this year, while those
numbers have risen substantially in Texas and the nation, data from a
foreclosure tracking company show. El Paso had 1,820 residential
properties go into some phase of foreclosure, from notices of default
to full foreclosures sold at auction or repurchased by the lender, from
January through August, compared with 2,137 properties for the same
months in 2005, data from California's RealtyTrac show. El Paso
had one foreclosure action per 123 households in the first eight months
of the year, which was lower than Texas overall but higher than the
national rate, the RealtyTrac data show.
Read more about El Paso Real Estate: El Paso Times - Foreclosures fall in El Paso.
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