McALLEN-EDINBURG-MISSION - Foreclosure rates across the Rio Grande
Valley are sliding down from last year according to data collected by
The foreclosure rate in the McAllen-Edinburg-Mission
metro area dropped about .29 percentage points from last June. The
McAllen area foreclosure rate this June was just under 1 percent — last
year about 1.20 percent of properties were in the foreclosure process.
delinquency in June 2015 was just under 4 percent, compared to nearly
4.5 percent last year in the McAllen-Edinburg-Mission metro area.
Across the Valley, the foreclosure rate is below the national average of 1.28 percent.
prices and sales were also recently reported to be on the upswing. The
median price for a single-family home in the McAllen-Edinburg-Mission
metro area is $122,500, a 3.8 percent jump compared to 2014 prices,
according to 2Q 2015 Texas Housing Report compiled by the Texas
Association of Realtors and the Real Estate Center at Texas A&M.
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