Tuesday, December 17, 2013

Less Than 5 Percent of Dallas Mortgage Holders Underwater

DALLAS (Dallas Morning News) – CoreLogic reported this week that roughly 36,000 area home loans (4.7 percent) were underwater in third quarter 2013.
Nationally, 13 percent of home mortgage holders — 6.4 million properties — owed more than their homes were worth during that period.
Home prices in North Texas are up about 10 percent this year from 2012 levels, helping homeowners regain lost equity, said CoreLogic Chief Economist Mark Fleming.
“Negative equity will decline even further in the coming quarters as the housing market continues to improve," Fleming said.