Foreclosure Rate in Hidalgo County Decreases

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POSTED: Monday, December 12, 2011 - 9:24am

UPDATED: Wednesday, February 15, 2012 - 8:33pm

HIDALGO COUNTY - According to recent figures the housing market may be improving at lease locally.

The foreclosure rate is down in Hidalgo county and specifically in McAllen. A local real estate director say nearly one of every thousand homes in Texas are foreclosed, but here in the Valley that number is a little higher. Nearly one out of every eleven hundred homes are fore closured and the information was gathered from the most recent second quarter figures released in October.

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