Magnolia TX Foreclosure Trends – December 2010
There were 251 Magnolia TX foreclosure homes and 38 new foreclosure filings in December 2010, according to RealtyTrac.com. The average sales price of a Magnolia TX home and a Magnolia TX foreclosure home was $204,670.
Magnolia TX Foreclosure Activity and 30-Year Interest Rate
Magnolia TX foreclosure activity decreased from 64 to 38 in December while interest rates increased from 4.30% to 4.71%.
Magnolia TX foreclosure activity is based on total number of properties that receive foreclosure filings…default notice, foreclosure auction notice or bank repossession…each month. Interest rate is based on average 30-year fixed rate from Freddie Mac’s Primary Mortgage Market Survey.
Magnolia TX Foreclosure Geographical Comparison
Magnolia TX foreclosures were 0.05% above national statistics, 0.13% above state figures, and 0.08% above Montgomery County numbers in December.
Magnolia TX Foreclosure Activity by Month
The number of bank-owned properties decreased from 24 in November 2010 to 21 in December while auctions decreased from 40 to 17. There is a six month rising trend.
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