Magnolia TX Foreclosure Trends – July 2012
There were 169 Magnolia TX foreclosure homes in July 2012, according to RealtyTrac.com with 1 in every 705 housing units receiving a foreclosure filing. The average sales price of a Magnolia TX home was $231,250 in July, while the average sales price of a Magnolia TX foreclosure home was $118,276, a $112,974 savings.
Magnolia TX Foreclosure Activity and 30-Year Interest Rate
Magnolia TX foreclosure activity had 27 new foreclosed homes in July while interest rates dropped to 3.55%.
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 the same as national statistics, 0.04% above state figures, and 0.01% above Montgomery County numbers in July.
Magnolia TX Foreclosure Activity by Month
The number of bank-owned properties increased from 10 in June to 13 in July, while the number of auctions dropped from at 26 to 14. There is a six month falling trend.
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