The nation’s distressed housing market has improved quite a bit in the last year, and that progress is also clear here in Texas.
Distressed home sales in the U.S. have fallen from 17 percent of all existing-home sales to just 12 percent in the last 12 months, according to the latest Realtor Confidence Index from the National Association of Realtors. That’s a 29.4 percent decline, and further evidence of the grand balancing act occurring in the nation’s housing market, as it inches closer and closer to normalcy.
How does that trend compare to what’s happening here in Texas? Surprisingly, this is one area where Texas housing is not ahead of the pack. According to exclusive information that NAR provided us from the Realtor Confidence Index, distressed sales in the Lone Star State are perfectly consistent at 21 percent in the last year.
Check out our graph below to see how those numbers compare with other states: