Mark Zandi, Moody’s economist expects the country’s economy to continue to recover this year and do better next year, but the wasn’t so positive about the housing market. “Housing prices will probably not hit bottom until the very end of 2011,” Zandi, chief economist with Moody’s Analytics, told an audience Thursday morning at a briefing [...]
Stable home prices and fewer exotic loans helped Texas economy to maintain its stability and kept it away from falling into the deepest pits of recession, the Federal Bank of Dallas said in a statement. Although the economy was strong enough it couldn’t resist to what was happening across the country, so the Fed’s 11th [...]
McKinney experienced a fast growth during the housing boom and now the foreclosure crisis says its reply. Looking back to 2010, Foreclosure Listing Service of Fort Worth summarized its data and found that one of the three area in McKinney had the third highest number of residential foreclosures. McKinney is behind Dallas and Grand Prairie. [...]
Foreclosure Listing Service reported a 40% drop of residential foreclosure postings for the first time in three years. George Roddy Sr. announced that for the upcoming auctions on May 3, only 3,719 postings have been filed on delinquent homes, which is the lowest since January 2008, when 3,672 postings were filed. But before everybody gets [...]
CoreLogic highlighted in its latest report the percentage of Dallas-area mortgages at least 90 days behind and the number of foreclosures in the area rose from December to January. During the first month of the year 5.3% of Dallas-area homeowners in with mortgages were at least 90 days behind with their monthly payments, the research [...]
Foreclosures are down in Collin County, Texas, in Q1 of this year. Foreclosed homes in Dallas and in the rest of Collin County dipped by 4% for the period January-March 2011 compared with the same period of 2010. The drop was the biggest for the quarter among the counties located in the Dallas-Fort Worth Metroplex. [...]
