Bryan-College Station and the surrounding area has had one of the lowest foreclosure rates in the nation since 2006, according to RealtyTrac, a company that has recorded such statistics on a national scale since 1996.
Out of 203 metropolitan areas with a population of 200,000 or more, Bryan-College Station ranked 197th for the number of foreclosures in 2009, with 167 reported.
In 2009, there were 97 foreclosures in Bryan and 35 in College Station, the company reported. RealtyTrac also included Robertson and Burleson counties in the local metropolitan area, which accounted for 35 foreclosures.
There were 12 foreclosures in the Bryan-College Station metropolitan area in December. The Eagle inadvertently reported that figure as the number of foreclosures for the year in Sunday's paper.
"The trend we've been seeing in the College Station area," said Daren Blomquist, a spokesman for RealtyTrac, "is basically that it's bucked national trends and stayed low the whole time -- except for a little bump in 2007 when foreclosures were the highest they'd been in four years."
Blomquist said that, in 2009, 0.19 percent of homes in the area received foreclosure notices, compared with 0.18 percent in 2008, 0.22 percent in 2007 and 0.17 percent in 2006.
"That's a very low percentage compared with places like Las Vegas, Nevada, at the other end of the spectrum with 12 percent of homes receiving foreclosure notices," he said.
The 2009 number, he admitted, could be a misrepresentation if construction on new homes in the area has been significant in the past few years. The survey used the most recent data available, the 2007 U.S. Census Bureau estimates of the total number of housing units in a given area.
"So there is a chance that percentage could be skewed higher than it actually is," he said.
Across the state, there were more than 100,000 home foreclosures in 2009, and the nation recorded 2.8 million foreclosures, according to the company's figures.
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