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Dallas-area has lowest home foreclosure rate
Dallas-area has lowest home foreclosure rate
By STEVE BROWN The Dallas Morning News Real Estate Editor stevebrown@dallasnews.com Published: 08 February 2012 08:47 AM
At the end of 2011, only 1.4 percent of Dallas-area homes were in foreclosure, compared to 3.4 percent nationwide, researchers at CoreLogic said Wednesday.
Among big cities, CoreLogic said the highest foreclosure rates at the end 2011 was in Orlando with 12.2 percent. Tampa was second at 12.1 percent.
Dallas was tied with Seattle as the lowest foreclosure rate cities among the 25 major markets CoreLogic detailed.
Denver, with 1.5 percent, and Houston, with 1.6 percent, also fared well in the foreclosure rate comparison.
Metrostudy Report - Houston housing market outlook for 2012 positive
(Houston, TX– January 26, 2012) The confidence of the Houston market is beginning to build steam, according to a recent report by Metrostudy, a national housing data and consulting firm that maintains the most extensive primary database on residential construction in the US housing market.
Houston’s unemployment rate dropped to 7.6%, a full percentage point less than the 3Q11 reading. Employment also grew by 3.3% annually. “Behind a surging Energy industry, a strong health care sector and recovering manufacturing and retail industries, six of Houston’s 16 employment sectors have added more than 10,000 jobs in the last 12 months,” said David Jarvis, director of Metrostudy’s Houston division.
Houston homebuilders started 18,417 new homes in 2011, a 2% decline from the 2010 total. But the 4,387 homes started in 4Q11 represent a 24% increase from last year’s tax credit-depressed quarterly starts count. 4,892 new homes were closed in 4Q11, 388 more than 4Q10.
July Texas existing home sales up 18%
Source: RECON (Real Estate Center Online News) August 30, 2011
COLLEGE STATION (Real Estate Center) – Sales of existing single-family homes in Texas in July were up 18 percent from a year ago, according to the most recent Multiple Listing Services (MLS) data compiled by the Real Estate Center at Texas A&M University.
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