Boca Raton, Florida (PRWEB) June 05, 2013
Foreclosure.com analyzed data that compared active Texas foreclosure totals from fourth quarter 2012 and first quarter 2013, revealing that The Lone Star State had 22 percent fewer homes in some stage of default.
There were 2,250 less active foreclosures in Texas from Jan. through March 2013 when compared to data collected between Oct. through Dec. 2012.
Waco, which is located between two of the largest cities in the state, Dallas and Austin, was the city that improved the most statewide on a quarterly basis, reducing its inventory by more than 54 percent. On the opposite side of the spectrum, the amount of distressed homes in Plano, a desirable Dallas suburb, increased nearly 4 percent.
The largest city in Texas, Houston, improved its active foreclosure situation by more than 22 percent, while its state capital, Austin, achieved a positive gain of more than 13 percent.
Here are the most (and least) improved cities in Texas (Q4 2012 vs. Q1 2013):
**Note: Only cities with a minimum of 50 active foreclosures in both quarters were analyzed**
Top 5 Cities