I just got this relatively good news from the Collin County Association of REALTORS (CCAR). It makes me wonder: Has the economy finally bottomed out? Have the number of foreclosures finally stabilized and is the market finally absorbing them? Is the real estate market finally taking steps towards appreciation sometime in the next year or two? Feel free to post your comments below...
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 Collin County Foreclosures Down Over Same Time Last Year
For the first time in several years, the number of new residential foreclosures is down in Collin County and surrounding areas. The first quarter of 2009 showed an 11.9 decrease in the number of new foreclosures over the same time last year, reports CCAR. In addition, more than one-fourth of all closed sales in the first quarter were foreclosure listings - up 19 percent from the same time last year.

"If we continue to see a decrease in new foreclosure listings while foreclosure sales are brisk, the market will eventually absorb most of those listings. This is an important component to a return to a more normal market," says Steve Haid, CCAR member services director.
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I guess only time will tell, but this is certainly one of a few positive signs recently (i.e. let's hope the Dow Jones keeps stable/increasing too).

Ryan Cave, The "Caveman"
Truth, Honor & Personal Integrity
214-789-9366
www.CaveRealty.com