Monday, February 03, 2014
Lenders foreclosed on 6,856 Dallas-area homes in 2013, according to a new report from CoreLogic Inc.
That’s a decline of 39 percent from forced home sales in 2012, researchers at CoreLogic found.
Last year the Dallas area ranked 11th nationally for completed home foreclosures. Atlanta was first with 20,584 foreclosures, followed by Tampa with 17,373 and Chicago at 16,513.
Total home foreclosure filings in North Texas last year were at the lowest volume in almost a decade.
“Clearly, 2013 was a transitional year for residential property in the United States,” said Anand Nallathambi, president and CEO of CoreLogic. “Higher home prices and lower shadow inventory levels, together with a slowly improving economy, are hopeful signals that we are turning a long-awaited corner.
“The housing market should continue to heal in 2014, but we expect progress to remain very slow.”
Texas has one of the lowest home foreclosure rates in the nation. In December, less than 1 percent of the state’s homes were in foreclosure.
The highest inventories were in Florida and New York where more than 4 percent of all homes were foreclosure.