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Texas Home Foreclosures Dropped in November

By December 13, 2008

Some good news on the economic front-- foreclosures in the Lone Star State for November dropped by 20% compared to October, and by 32% compared to November of 2007.

This is quite a bit better than the national average, where foreclosure in the entire U.S. for November fell by 7% compared to October. Compared to November of 2007, though the U.S. numbers look bleak with a 28% increase.

Many believe Texas will weather the economic storm better than most states, and perhaps this good news is proof of that.

The stats were released by RealtyTrac. You can read the entire story and decide for yourself what these numbers mean in a recession.

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