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.”
We’re happy to share with you that the number of Dallas-area homeowners behind in their mortgage payments dropped to 3.7 percent in November. That’s down from 4.3 percent in the same month of 2012, according to a new report today from CoreLogic.
The Dallas-area number is well below the 5.09 percent of U.S. homeowners with a loan 90 days or more delinquent. Only 1 percent of Dallas-area home loans were in foreclosure in November. That’s less than half the nationwide foreclosure rate.
North Texas foreclosure filings have dropped to the lowest level in almost a decade. For next month’s foreclosure auctions, postings are about 40 percent below where they were in early 2013.
At Ebby Halliday Realtors, we’re bullish on North Texas and our increasingly stron economy. The Dallas-Fort Worth area is truly a great place to call home! To see all of the homes available for sale in North Texas, visit the award-winning ebby.com.