Foreclosure Homes in Plano
19 Jan
Plano shows its strong economy and affordable homes on the foreclosure homes as well as shadow properties with 6.7 months of lowest shadow property inventory. Plano has many awards on being one of the the safest city, infulence city and the best city to live in. All these awards increase the demand for Plano homes and the area easily.
CoreLogic, Dallas Morning News, Real Estate Center recently mentioned that Texas’ five major metros have some of the lowest ‘shadow’ inventories of unsold homes in the United States. Shadow inventory homes are properties that have been foreclosed on or are in the process of foreclosure but are not currently listed for sale, writes Dallas Morning News real estate writer Steve Brown.
San Antonio Business Journal mentioned that A third of U.S. cities with populations greater than one million are right here in Texas. Dallas follows with a population of 1.3 million to Houston has the fourth highest population with 2.3 million and San Antonio was not too far behind at number seven with 1.4 million according to Business First.
Business First produces weekly population estimates for states, metropolitan areas, micropolitan areas, counties, towns, cities and villages. The company uses a specialized calibrated computer formula to generate the projected populations. Their system pulls data from a decade of U.S. Census Bureau data to extrapolate growth trends.
With a total of 82 cities on the 1,000 largest-cities list, Texas ranks second only to California in number of cities listedaccording to
A recent study by CoreLogic Inc. shows Austin-Round Rock-San Marcos has the lowest in the nation at 4.2 months. San Antonio-New Braunfels is next at 4.7, followed by Fort Worth-Arlington at 6.3. Dallas - Irving – Plano homes have the fifth lowest inventory at 6.7 months, while Houston-Sugar Land-Baytown is seventh with 7.3 months.
Texas’ average shadow home inventory is 5.5 months. The average inventory among the 50 largest U.S. cities included in CoreLogic’s study is about 16 months.
Plano residents are expecting that Plano will continue to get a lot of awards in 2011 just like recent years.


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