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B—CS residents hold on to homes

B—CS residents hold on to homes

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By MAGGIE KIELY

maggie.kiely@theeagle.com

Here's a near-bottom ranking local boosters shouldn't mind touting: Out of 206 metropolitan areas with populations of 200,000 or more, Bryan-College Station ranked 203rd for the number of foreclosures in 2010.

According to RealtyTrac, the company that put out the foreclosure list, there were 191 foreclosures in the area, which is about 0.2 percent of the total number of homes, or about one out of every 464.

The number was up about 14 percent from 2009, when there were 167 foreclosures reported.

Myke Leatham, owner of Brazos County Realty said she didn't handle any foreclosures in 2010 and wasn't surprised Bryan-College Station came in toward the bottom of the list.

She attributed the ranking to the relatively low unemployment rate, the fact that so many parents invest in homes for their children who attend Texas A&M University and Blinn College, and that the area is an appealing place for retirees who want to be in a small community with quick access to the larger metro areas of Dallas, Houston and Austin.

So far in 2011, one home has been foreclosed upon in College Station, and nine in Bryan, RealtyTrac records indicate.

With 88,198 reported, Las Vegas area had the highest number of foreclosures in the country last year, while Utica-Rome, N.Y., at 60, had the lowest, according to the RealtyTrac report.

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