In the Dallas-Forth Worth area foreclosed homes accounted more than 16% of all sales, a new study by the A&M Real Estate Center revealed. That means about 7,000 home sales that went for an average of 30% below the cost of non-distressed homes. The number of actual foreclosed homes sold in the area in 2010 [...]
Maybe the spring will end the residential sector freeze – voices say for the third year in a row. But the light at the end of the tunnel is very weak. It’s only February, it’s too early to tell. The foreclosed houses inventory, home financing hurdles, and iffy national economy are all keeping the housing [...]
Willie’s Place at Carl’s Corner officially ended its business days, since it was unable to stave off creditors through Chapter 11 bankruptcy proceedings. Since it reopened its doors in 2008 the place’s financials have been traveling on rocky and rough ground, so the owners tried to save the place from the mountains of debt and [...]
Looking back to 2010 we can note that it was a good year for Dallas home prices. The median price rose 4% from 2009, Multiple Listing Service reported. “Activity slowed much more dramatically at the entry-level price points than in the upper-level price points in the post-tax credit era,” said Ted Wilson of Dallas-based housing [...]
