The Fort Worth-Arlington market is slowly improving, according to two new reports. CoreLogic says, 5% of mortgage loans in Fort Worth-Arlington were at least 90 days or more in arrears in May, down from 5.65% a year prior, marking the fourth consecutive month the delinquency rate has dropped. The national mortgage loan delinquency rate was [...]
Standard & Poor’s Case/Shiller Prices Indices report was published recently, but it did not bring any good news to Dallas. The report shows declining home prices in most of the metropolitan areas, which means the residential market is still struggling. Regarding the Dallas-area, home prices are falling, the report highlights. On a year-over-year basis, Dallas-area [...]
The 95 year old historic downtown building, a former rail station and office building now turned into apartments and retail has been sold at this month’s Dallas County foreclosure auction. An affiliate of Bridge Partners won the auction with its $11.5 million bid on the nine-story building located at 1500 Jackson St.. The red brick [...]
A high quality office building is facing foreclosure in North Texas. The commercial real estate that tops the list of new commercial foreclosure postings is located at Quorum Drive and the Dallas North Tollway. It was build back in 1981, but now it is less than 50% leased. The owner of the 134,000 square-foot commercial [...]
It looks like August will feature less foreclosure auction than expected. The Foreclosure Listing Service Inc stats say Dallas-Fort Worth residential foreclosure postings fell below 4,500 for the fourth consecutive month and have declined 14% compared to the same month a year prior. FLS said 4,024 residences were posted for August foreclosure auctions compared to [...]
According recent a real estate study Fort Worth and Dallas are among U.S. cities where the prices of homes and foreclosed home auction properties are not likely to fall as steeply as in other cities. There is an approximately 4% risk of house prices going down further in Dallas in the next 24 months. Meanwhile, [...]
North Texas tax credits boosted new home sales a year ago, but now, as the government incentive is gone, we are seeing a decline in demand. Builders sold just over 3,500 homes during the three months ending June, housing analyst Metrostudy Inc. reported last week. While the numbers show a 25% decline on a year-over-year [...]
Home prices in Dallas fell 4% from a year ago a recent report highlights. This makes the 10th consecutive month with prices falling in the Standard & Poor’s/Case-Shiller Home Price Index. April’s decline was much larger than the 2.5% decrease the previous month. However, this is in concordance with the nationwide trend, the Case-Shiller survey [...]
