Are the current economic conditions having you considering uprooting and moving? If so, your not alone, Texas has seen an increase in relocation of people looking for work to support their families. Houston, Texas and its surrounding area is a great place to live. Texas has seen some reductions in home and retail sales but not like other states. There has been a slight decline in sales and home prices but compared to other cities across the country our great town of Houston is doing well. There are lots of places to visit such as the Space Center, The Aquarium both in downtown Houston, and Kemah. The Houston Zoo. There is also Moody Gardens in Galveston and many other spectacular eating places.
Houston is the workplace for many hospitals and medical research facilities along with the oil and gas industry and Space center facilities.
I take pride in the area I live in and will be glad to assist you with information regarding Houston, Spring, The Woodlands, Lake Conroe. Please feel free to email or call.
Patti
The rise in new foreclosure filings in Chicago in 2008, as reported by nonprofit group National Training and Information Center, put Illinois high on several lists of the ten U.S. states with the highest foreclosures by state in 2008. Total foreclosure filings reached 19,943 in 2008, an increase of a record 87 percent from filings in 2006.
In January 2008, according to RealtyTrac’s foreclosure report, Illinois is still among the U.S. States with the highest foreclosures by state. Illinois had 7,484 default notices, 4322 foreclosure sale notices and total foreclosure filings of 14,447. Included in the total are more than 2,000 units which are real estate owned properties, assets that have been foreclosed and repurchased by the banks. The state’s foreclosure rate is one foreclosure filing per 363 residential properties. These figures put Illinois fourth in RealtyTrac’s ranking of foreclosures by state and sixth in terms of foreclosure rate for the month of January.
One of the major reasons for Illinois’ high ranking in listings of foreclosures by state in 2008 is a record increase of foreclosure filings in Chicago neighborhoods previously immune to foreclosures. Almost 20,000 foreclosures were filed in Chicago due to defaults in middle-class and moderate-income communities. Another major reason is the use of exotic but risky loan schemes in mortgages. According to National Training and Information Center, mortgage loans in Chicago failed because 75 percent of them used risky loan schemes such as adjustable-rate loans.
Communities that contributed much to the high ranking of Illinois in terms of foreclosures by state are O’Hare, which increased in filings by 676 percent compared to 2006 filings; Dunning, which had an increase of 377 percent; Albany Park, an increase of 374 percent; Lincoln Square, an increase of 366; Irving Park, an increase of 344 percent; Norwood Park, an increase of 271 percent; Rogers Park, an increase of 268 percent; West Lawn, an increase of 256 percent; and Hyde Park, an increase of 105 percent.
The high ranking of Illinois in listings of foreclosures by state prompted U.S. Senator Dick Durbin, who comes from Illinois, to introduce and campaign for his bankruptcy legislation that would help borrowers save their homes from foreclosure. Durbin’s bill enables homeowners to have their mortgage loans modified for affordable payments.
A thick seam of salt courses almost 400 metres beneath the rolling farmland of Livingston County, almost as far down as the World Trade Center stood tall.
(New Braunfels) – The New Braunfels Town Center at Creekside continues to take shape off I-35. JCPenney celebrated its ribbon cutting, the latest of a handful of stores to open at the future retail center. It joined fellow big-box stores Target an …
(Pflugerville) – A 185,344-sf SuperTarget is now open in Stone Hill Town Center in Pflugerville. NewQuest Properties is developing the million-sf shopping center at the southwest corner of Toll 45 and Toll 130. The Home Depot, Best Buy, Verizon Wi …
(Plano) – FutureWei Technologies, a wireless tech company, subleased 20,468 sf from KS Realty Advisors at Plano Corporate Center II. The 154,689-sf, Class A office building was constructed in May 2001 at 2301 W. Plano Parkway.
Houston, Texas and its surrounding area has seen a slight decline in sales and home prices but compared to other cities across the country our great town of Houston is doing well. There are lots of places to visit such as the Space Center, The Aquarium both in downtown Houston, and Kemah. The Houston Zoo. There is also Moody Gardens in Galveston and many other spectacular sites to see.
If you would like more information regarding Houston, Spring, The Woodlands, Lake Conroe please feel free to email or give Fellwock Real Estate Group a call at 281-353-8400.
