U. S. foreclosures are down for the 2nd consecutive month, reaching a 5-year LOW. According to Realty Trac foreclosure filings across the county in September are down7% from the previous month. That’s 16% lower than a year ago September. Real Estate Center Research Economist Dr. Jim Gaines noted that the drop was driven primarily by declines in several large non-judical foreclosure states, including California, Georgia, Texas, Arizona & Michigan. TEXAS WAS DOWN 17% IN SEPTEMBER.
(1) All about crime. That is an indicator of nieghborhood desirability. Go to the crimedata base in your area OR call the Tyler Police Department for statistics in a certain area. Texas has a Megan’s Law database that can show sex offenders. (2) Meth labs. The Drug Enforcement Agency’s database has addresseS of meth & other drug labs. (3) Social connectedness, online & off. Does the neighborhood have block parties, newletters, etc.? (4) Technological & communications capabilities. How spotty or non-existance is cell phone service, particularly out of larger areas? (5) Potentially problematic HOA rules & municipal regulations. For instance, can you install a radio tower for ham operators in the neighborhood? (6) Future developments that might affect your ability to enjoy your home. Check City of Tyler Planning & Zoning. Note any proposals that uptick the traffic, noise, orders & pollution. (7) Upcoming/proposed special assessments. Review disclosed HOA reserves & financials & recent copies of newsletters & Board meeting meeings. THIS WAY YOU CAN KNOW WHAT IS GOING ON & COMING UP IN A PARTICULAR SUBDIVISION.
according to HomeVestors of America & Local Market Monitor. Corpus Christi is #4 and Longview #8. These cities are considered less risky for investors looking to purchase sing-family homes as rental properties. ” Many of these markets have unemployment rates well below the national average, but show strong job growth & housing price have bottomed out”, according to Ingo Winzer, Local Market Monitor president. The top 3 are Lafayette, LA., Fort Wayne, Ind and Erie, PA. INTERESTING FOR US IN THE TYLER AREA!