Foreclosure Trends
The overall poor credit condition of region is also reflected in the area’s real estate market trends. Despite a strong recovery of the
real estate market since 2011, the foreclosure rate remains relatively high within the metro area. In Nueces County, the number
of foreclosure homes was one in 2,819 units in May 2014, according to RealtyTrac. This aspect of the housing condition is in line
with the Texas state average. The foreclosure rate for Aransas County was much better at one in 5,110 units. However, with an
unemployment rate more than one percentage point higher than the rest of the Coastal Bend region, San Patricio County has one
of the worst foreclosure rates (1 in 1,564 units) in Texas along with its neighboring Refugio County (1 in 1,242 units).
Foreclosure Rates in Corpus Christi MSA, 2014
HOU SEH OLD FI
Source: RealtyTrac
the foreclosure rate remains relatively high within the metro area.
NANCI AL
Despite a strong recovery of the real estate market since 2011,
CONDITI
ONS
Review of South Texas Business Conditions
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