Sellers are just not competing with foreclosures and new home builders. Houston Association of Realtors are not keeping a track on Houston area homes to avoid Foreclosure. The banks who started foreclosures in hopes of fixing financial crisis are now selling up the houses for profit and feeling the pain.
Houston Foreclosure Houses
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A house gets foreclosed when an owner is unable to pay the due amount of loan to the lender. Then the house is taken back by the lender or financer so as to get the due money by selling the house. The notice of foreclosed house sale is published in newspapers [...]