Dallas-Area Foreclosures Fall Sharply


Dallas-Area Foreclosures Fall Sharply

 

Great news for the North Texas housing market: Dallas-area home foreclosures were down approximately 23 percent in January.

 

And, the number of homes foreclosed on in the Dallas area was less than half of what it was in 2012, according to a brand-new report from CoreLogic.

 

Nationwide, foreclosures are down 63 percent from the peak of the market in 2010. Tampa, Atlanta and Orlando currently lead the country in forced home sales by lenders.

 

“Job growth and home-value appreciation have worked to push the serious delinquency rate to the lowest since mid-2008 and foreclosures down by one-third from a year ago,” Frank Nothaft, chief economist at CoreLogic, says in the report. “With economic growth in 2015 expected to be better than last year, further declines in both delinquencies and foreclosures are projected for this year.”

 

Great news, indeed!