The state of Texas saw a decrease of over 47,000 jobs in March 2009, which was slightly lower than the approx 52,000 which were lost in the month prior.  While the current rate of unemployment in the state is lower than the nation’s (6.7% vs 8.5%), these numbers are higher than 2008 and indicate the possibility of an uptick in residential foreclosures in the state over the next several months.

A quick search on Roost turned up 4,757 homes in various states of foreclosure currently in Dallas, TX with over 3,000 of them in REO status.  That compares with 7,735 properties listed for sale on the Dallas MLS.  It’s not clear how many of those REO homes are listed on the MLS but one would imagine it’s a significant %.

Should the number of foreclosures jump due to the increased job losses in the state – it may put unwanted downward pressure on Texas real estate prices…

For more information on Texas foreclosures, click here.