Foreclosures in Houston falling alongside the oil industry

RealtyTrac's data finds national foreclosure rates have fallen for the eighth consecutive month
  • RealtyTrac reports foreclosure activity is below 2006 levels throughout the nation, but 18 states are still posting gains.
  • Houston-The Woodlands-Sugar Land metro foreclosure activity fell 7.56 percent and 12.72 percent on a monthly and annual basis in May.
  • Austin and Waller counties both had no foreclosures or homes in the foreclosure process in May 2016.

A sure-fire sign of an improving real estate market is the fall of foreclosure activity, and luckily those trends are down throughout the nation for the eighth consecutive month, according to RealtyTrac’s newly released data.