Distressed Property Sales on the Rise. Foreclosures, Short Sales and REO’s, OH MY!
March 24, 2011 by Laura Duggan · Leave a Comment
We live in a city of plenty…
Plenty of Jobs,
Plenty of healthy, fit people,
And plenty of foreclosures.
This is not something you normally associate with Austin, Texas. Despite being one of the strongest real estate markets in the country, we still have a black eye.
Last month, about 22%of all real estate sales were distressed. Meaning, they were either a foreclosure sale or a short sale.
The bad news is, there are still people loosing their homes in Austin. And it. is. a shame.
The silver-lining is the opportunity this provides for investors to make some really good deals.
Read the report below for a more in-depth analysis of the distressed sales in Austin and the best opportunities for investors. All links in the document are clickable. If you would like to download the report, there is a button at the bottom of the viewer.
If you like what you’re reading, please share, like and comment!
Laura is a third generation native of Austin who grew up in Tarry Town in Central Austin. She is the owner and broker of West Austin Properties and has been selling real estate in the Austin area since 1979. Laura is married to the love of her life, Brad, and they have two grown daughters. Together, they love to explore all of the fun spots Austin has to offer.
