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Old 12-22-2009, 07:25 AM
 
14,637 posts, read 35,026,845 times
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Bexar foreclosure filings at record high

Mortgage lenders are moving to take back 1,652 Bexar County properties in January. It's the highest monthly total on record and an indication that the foreclosure market in 2010 likely won't see improvement over 2009.

Ouch.
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Old 12-22-2009, 07:37 AM
 
Location: Pipe Creek, TX
2,793 posts, read 6,046,056 times
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One thing I have noticed about our city is that there is a delayed effect in some economic areas in comparison to the rest of the country. In some ways, this is a good thing. I have a feeling there are going to be plenty more of these foreclosures. They keep building more houses, people keep buying them. Stuff happens. IMO, San Antonio has gotten way too big. Just an opinion from someone who lived here when the population was around 600,000.
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Old 12-22-2009, 08:16 AM
 
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The foreclosures issue is really just from those that bought a few years ago. The lending requirements are a lot more strict now, so don't worry too much about it getting a ton worse. We just need to ride out the aftermath of the last 5 years. Builders aren't financing everyone like they used to. Those that are buying homes now are truly qualified, so the market will start righting itself.

Sales are definitely getting much stronger though. More and more people are starting to buy. We're a little behind the rest of the country, but we also didn't have the massive growth a lot of the country had, so we should be just fine.
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