Thursday, March 12, 2015
Dallas home foreclosures down 23 percent
Dallas area home foreclosures were down about 23 percent in January.
And the area ranked ninth nationally for completed home foreclosures, according to a new report by CoreLogic Inc.
Lenders foreclosed on 5,447 Dallas-area homes in the 12-month period ending with January, according to the new report.
The number of homes foreclosed on in the Dallas area was less than half of what it was in 2012.
Nationwide foreclosures are down 63 percent from the peak of the market in 2010, according to CoreLogic.
Tampa, Atlanta and Orlando top 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, said 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.”
Steve Brown, The Dallas Morning News