Home Foreclosures in Dallas – Fort Worth Area Up
July 18, 2008
Home foreclosure postings in the Dallas-Fort Worth area are up 18 percent in the latest filings. The Dallas Morning News reports, almost 4,600 homes are scheduled for foreclosure next month, according Addison-based Foreclosure Listing Service. That compares with 3,870 postings for August 2007. Also Online Interactive map: 2007 Dallas-Fort Worth foreclosures by ZIP code Interactive foreclosure primer Despite the big increase since last year, total...
Construction of SIngle Family Homes Fall
July 17, 2008
Construction of single-family homes fell in June to the slowest pace in 17 years although a change in New York laws helped give a big boost to apartment building. The Houston Chronicle reported,The Commerce Department reported today that construction of single-family homes dropped by 5.3 percent in June to a seasonally adjusted annual rate of 647,000 units, the weakest performance since January 1991, another period...
June Sales Down 20 %
July 8, 2008
Hot summer weather isn’t heating up the North Texas home market. The Dallas Morning News reports, June sales were down 20 percent from a year ago. And for the first six months of 2008, the number of pre-owned houses sold in the area is off 15 percent from the same period last year. The good news: Prices are holding up relatively well. North Texas real...
Dalas – Fort Worth Shows Stable Home Values
July 2, 2008
The latest home price risk forecast shows that Dallas-Fort Worth is overall the safest place in the country for stable home values. The Dallas Morning News, also states the latest report by mortgage insurance company PMI Group ranked the D-FW area dead last among the 50 cities it rates for possible declines in home prices. That means PMI is betting there is less than a...
Wachovia Corp. Stops Mortgage Payment Option
July 1, 2008
Beleaguered consumer bank Wachovia Corp. will quit offering a mortgage payment option that allows borrowers to pay less each month than the bank charges in interest. The Dallas Morning News also state that the choice to pay less was one of the options of Wachovia’s controversial Pick-A-Payment mortgages, which offer customers four different payment options each month. Wachovia told The Associated Press on Monday that...
June 30, 2008
Jacksonville is heading into the third year of the real estate slump and the number of home foreclosures continues to rise. The San Antonio News also reports ,so many homes are being auctioned off at the Duval County Courthouse that in July, the foreclosure auctions will be put online to move them through faster. "I don’t see any bright skies on the horizon," said University...