With concerns about the state of the economy still floating around in the national news, it can be difficult to say just what all the hullabaloo has to do with the local housing market. There is good news and bad news.
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Foreclosure rates are one factor among many in a housing market that seems to be pulling in every direction at once. Last quarter observed a decrease in the number of foreclosures of homes in the state of Texas. The Texas market, affected less by the housing bubble and bolstered by the region's relatively low unemployment rate, looks to be coming out stronger than markets in other areas.
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