Listen
Just over 600 Harris County homes went into foreclosure in February. About 2,100 homes went into posting — or imminent risk of foreclosure. Both measures were down 40% from a year earlier.
Patrick Jankowski is vice president for research at the Greater Houston Partnership.
“We’re coming off a year where we created 84,500 jobs, which is the fifth-best year on record. Last year we created so many homes, it was the fourth-best year on record, and we’re looking at foreclosure activity which is at its lowest level since March of ’09. So the whole thing shows it’s a very strong housing market, and Houston’s a very strong economy. ”
The Woodlands-based Foreclosure Information & Listing Service expects postings to range between 1,000 and 1,500 per month by the end of 2013. It says Harris County’s foreclosure crisis is now over.
