Magnolia TX Foreclosure Trends – August 2012
There were 182 Magnolia TX foreclosure homes in August 2012, according to RealtyTrac.com with 1 in every 680 housing units receiving a foreclosure filing. The average sales price of a Magnolia TX home was $179,611 in August, while the average sales price of a Magnolia TX foreclosure home was $218,286.
Magnolia TX Foreclosure Activity and 30-Year Interest Rate
Magnolia TX foreclosure activity had 28 new foreclosed homes in August while interest rates rose to 3.60%.
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, 0.07% above state figures, and 0.05% above Montgomery County numbers in August.
Magnolia TX Foreclosure Activity by Month
The number of bank-owned properties stayed the same in August at 13, while the number of auctions increased from at 14 to 15. There is a six month falling trend.
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