Commercial foreclosures and foreclosed houses did not dominate property sales in Texas last year. Foreclosure sales were down in 2010 compared with 2009.
The number of properties under listings of residential foreclosures to be offered at the February 2011 auction increased in Austin, Texas. Compared with the same month of 2010, the rise is almost 15%.
The cheap land for sale and residential foreclosure problem of Dallas seems to be easing down. Latest figures showed that foreclosures for April have gone down.
New houses held their own against residential foreclosures and tax lien sales in Texas in 2010. Housing starts actually rose in some parts of the state during the year despite high foreclosure levels.