|FESTIVALS AND EVENTS9/1
First Thursday is a popular monthly event that takes place along South Congress in the SoCo
9/2-4, Visit website for schedule
9/2-5 (Labor Day Weekend)
9/4, 5 pm
9/10, 9 am
9/10-11, doors open @ 8 am
9/16-17, schedule TBA
9/24-25, 11 am -10 pm
9/24-25, doors open @ 9 am
9/26-27, 4:30 pm – 7:30 pm
9/30 – 10/1
Austin Business Journal – by San Jose / Silicon Valley Business Journal
Date: Monday, November 22, 2010, 9:52am CST
Austin was ranked the sixth safest city among those with 500,000 or more residents, according to a report by CQ Press.
The list ranks cities from a compilation of crime statistics in six main categories: murder, rape, robbery, aggravated assault, burglary and motor vehicle theft.
In the 500,000 plus category, the safest city was El Paso. Next came Honolulu, then New York, San Jose, San Diego, Austin, Portland, Los Angeles, Seattle and Fort Worth.
In the same population category the most dangerous cities, in order, were Detroit, Baltimore, Memphis, Washington D.C., Atlanta, Indianapolis, Philadelphia, Milwaukee, Houston and Columbus.
George Roddy, Sr., President of Foreclosure Listing Service, Inc. announced today, “Foreclosure postings filed in the Austin Metro this year topped 15,500 postings, setting a new record high for this foreclosure cycle.” He continued, “This very well may be the all time record high. It is certainly the highest that I have seen since Foreclosure Listing Service, Inc. began tracking foreclosure activity in the Austin area in 2001.”
“Foreclosure postings have climbed 10% over the past year with 15,622 postings filed this year against real estate located in the four county Austin Metro compared to the previous record high of 14,138 set last year,” Mr. Roddy stated.
“Glancing back over the past 7 years,” the foreclosure researcher reflected, “From 2004 through 2007, the annual volume of postings filed in the Austin area was on a downhill ride and reached a low of 7,110 postings for this 7 year period in 2007. Since then, foreclosure notices have climbed in each of the subsequent years. In each of the last two years, annual postings have exceeded 14,000 for the first time in this cycle.”
Mr. Roddy said, “Not all of the properties posted for foreclosure are auctioned off. Generally, 25 to 40% of the postings filed are auctioned off at the first Tuesday foreclosure sale.”
He continued, “This means between 60% and 75% of the residential postings filed are not processed or auctioned at that month’s foreclosure auctions. The major reasons for a posted property not to be auctioned at the foreclosure sale include the following: the homeowner’s loan may be under review for a loan modification, the homeowner paid the delinquent mortgage payments, the homeowner filed for bankruptcy which temporarily halts the foreclosure, the homeowner sold the house and paid off the loan, or the homeowner sold the house as a short sale where the lender agreed to accept less for the home than is currently owed on the home.”
Mr. Roddy commented, “Among the four counties in the Austin Metro, Travis and Williamson Counties have both experienced another year of rising foreclosure postings which have reached new record highs for this foreclosure cycle, while posting activity in Hays and Bastrop Counties has declined.”
“In Travis County,” he stated, “annual foreclosure postings have topped 8,000 for the first time in this cycle with 8,550 postings filed this year, which surpassed the previous record high by 17%. In 2009, 7,289 foreclosure notices were filed threatening Travis County properties with foreclosure.”
Mr. Roddy reflected, “Over the past 9 years, Travis County foreclosure posting activity has surged 404% from just 1,698 foreclosure notices filed in all of 2001 up to the 8,550 recorded for this year. During the course of the last 9 years, postings rose to a peak in 2004 with 4,218 postings and then dipped down into a valley with just 3,482 postings filed in 2007. Since then, Travis County foreclosure posting activity has climbed upward in each of the last three years.”
“In Williamson County,” the foreclosure expert said, “annual foreclosure postings for this year reached above 5,000 for the first time in this cycle with 5,145 postings filed this year, which surpassed the previous record high by 14%. In 2009, 4,508 foreclosure notices were filed in Williamson County.”
Mr. Roddy reflected, “Looking back over the last 9 years, Williamson County foreclosure posting activity has skyrocketed 521% from only 829 foreclosure notices filed in all of 2001 up to the 5,145 recorded for this year. Williamson County’s foreclosure posting trend line closely mirrors that of Travis County. During the course of the last 9 years, Williamson postings rose to a peak in 2004 with 2,736 postings and then dipped down into a valley with just 2,157 postings filed in 2007. Since then, Williamson County foreclosure postings have risen in each of the last three years.”
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