Foreclosures still up but numbers declining - KTEN.com - Texoma news, weather and sports

Foreclosures still up but numbers declining

Posted:

New foreclosure numbers are out for the month of September in Grayson County and the numbers are still almost double the normal rate for the Texas area.  The numbers have been declining since July but they are still above average.  Foreclosures in July hit an all time high at 137, in August  there were 120 and September there were 112 , all of the numbers almost double the areas normal rate at around 50 to 70 foreclosures a month.

But even though the numbers are high, local realtor Dean Gilbert says the numbers are not as bad as they seem.  Texas foreclosures average around 1.5% which is half the national average currently at 2.8%.  Gilbert says Texas has been able to maintain a lower foreclosure rate compared to the rest of the country due to property values in the area maintaining a reasonable price.   In Southern Oklahoma, the current foreclosure rates have been steady, averaging around 10 foreclosures a month.   They say the low number is due to homeowners dropping the price until the home sells.

Christina Lusby, Reports.    

  • NewsMore>>

  • Playground project brings Anna residents together

    Playground project brings Anna residents together

    Volunteers are building a new playground at Sherley Heritage Park in Anna. (KTEN)Volunteers are building a new playground at Sherley Heritage Park in Anna. (KTEN)
    Volunteers are building a new playground at Sherley Heritage Park in Anna. (KTEN)Volunteers are building a new playground at Sherley Heritage Park in Anna. (KTEN)

    The playground at Sherley Heritage Park in downtown Anna is being built by volunteers from all over the city this week -- from neighbors to firefighters.

    More >>

    The playground at Sherley Heritage Park in downtown Anna is being built by volunteers from all over the city this week -- from neighbors to firefighters.

    More >>
  • Ada police endorse free alert app

    Ada police endorse free alert app

    The Noonlight app lets users contact the nearest law enforcement agency without making a phone call. (KTEN)The Noonlight app lets users contact the nearest law enforcement agency without making a phone call. (KTEN)
    The Noonlight app lets users contact the nearest law enforcement agency without making a phone call. (KTEN)The Noonlight app lets users contact the nearest law enforcement agency without making a phone call. (KTEN)

    Police Capt. Jason Potter said Noonlight is especially useful in sexual or domestic abuse scenarios.

    More >>

    Police Capt. Jason Potter said Noonlight is especially useful in sexual or domestic abuse scenarios.

    More >>
  • Can a bigger budget shrink lines at Texas DMV?

    Can a bigger budget shrink lines at Texas DMV?

    The waiting area at a Texas DMV office. (KTEN)The waiting area at a Texas DMV office. (KTEN)
    The waiting area at a Texas DMV office. (KTEN)The waiting area at a Texas DMV office. (KTEN)

    Texas lawmakers are giving the Department of Public Safety a $212 million boost to hire more employees.

    More >>

    Texas lawmakers are giving the Department of Public Safety a $212 million boost to hire more employees.

    More >>