Hays County foreclosures down

Category: Hays County, Real Estate Market Update, Residental No Comment September 27, 2011

Hays County joins the line of its adjacent counties, as it recorded a a significant drop in foreclosures listed for October.
The recent figures released by the Foreclosure Listing Service Hays County recorded 99 properties scheduled for public auction Oct. 4, a 15% drop from a year prior, when the total number of scheduled properties hit 116.
The number also reflects an 18% drop from properties listed this month and a 31% decline from properties listed in October 2009.
With only Bastrop County reporting a 14% increase in foreclosure postings, it is the only county in the area with rising foreclosure postings. Austin metro area saw a 18% decline, while Travis County 12%, and Williamson county recorded a 19% drop in properties scheduled for foreclosure auction on Oct. 4.
In postings so far in 2011 Hays County has seen a single percent decline, compared to 6% in Bastrop and Williamson counties, 11% in Travis County and 8% in the Austin metro area.
Although the numbers he commented are positive – except Bastrop’s – George Roddy Jr. was cautiously optimistic. He said although some economic indicators have “turned the corner,” the long term outlook remains problematic. “I am looking for long-term, sustainable growth that will positively put money back into a family’s pocketbook so that they can make and catch up on their mortgage payments.”