Foreclosure rates sliding down for Rio Grande ValleyForeclosure rates sliding down for Rio Grande Valleyhttps://www.recenter.tamu.edu/news/newstalk-texas/?Item=372015-08-28T05:00:00Z2015-08-27T19:00:00Z

​​​​​McALLEN-EDINBURG-MISSION - Foreclosure rates across the Rio Grande Valley are sliding down from last year according to data collected by CoreLogic.

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.

Mortgage 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.

Home 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.​

The Monitor
http://www.themonitor.com/business/foreclosure-rates-in-the-rio-grande-valley-continue-to-slide/article_f5af8914-4cd9-11e5-b216-df2bbf9414f3.htmlRead the full article at {Source}

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