The latest housing price report from FIFA (Federal Housing Finance Agency) showed that home prices in the Dallas area rose a very modest 0.3% in the third quarter of 2010 compared to the third quarter of 2009. Fort Worth home prices were reported to have dropped by 1.15% compared to the same time period. Some [...]
Archive of posts tagged Dallas Morning News
D/FW “Shadow Inventory” of Foreclosures Low Compared to Other US Cities But Could Still Cause Problems
A recent report showed the D/FW “shadow inventory” of foreclosed homes was less than other major US cities, but is still enough to possibly cause significant problems. Shadow inventory homes are properties that have been foreclosed on or are in the process of foreclosure but are not currently listed for sale. This ”unseen” pending supply of homes is [...]
The Long Side of Short Sales | Short Sale Transactions Can Often Take Months To Close
A recent article in the Dallas Morning News featured one man’s story of purchasing a short sale. A short sale occurs when a seller must sell their property and negotiate with their lender to accept a payoff for less than the amount they owe. In other words, the seller is upside-down on the house. In [...]
D/FW Sees 4% Increase in Foreclosures for 2010 Compared to 2009
The D/FW area saw just a 4% increase in the number of foreclosure filings for 2010 compared to 2009. A total of 63,835 foreclosures were filed in the four county area of Dallas, Tarrant, Collin and Denton Counties for 2010. While a 4% increase is certainly a significant number of homes, consider that 2009 saw a [...]
New Report Predicts Dallas Home Prices Will Drop 1.4% Over The Next Year
A new report released by Georgia-based Fiserv Inc., a housing and financial services information firm, predicts that home prices in the Dallas Fort Worth area will likely drop by 1.4% over the next 12 months. They went on to state that the homebuyer tax credits likely delayed price corrections in many real estate markets nationwide. A summary of [...]
DFW Area Median Home Prices Rose Slightly in Third Quarter 2010
Home prices in DFW rose by a modest 1.6% in the third quarter of 2010 compared to the third quarter of 2009, according to a report released by the National Association of Realtors. The increase in median price was most likely a result of increased home sales in the higher priced markets which have shown [...]
PMI Group Raises Risk of Dallas Home Price Declines to Over 50%
The mortgage insurance company PMI Group, which publishes a quarterly report detailing the risk of home price declines, recently released a report stating they feel the risk of home price declines in the Dallas area is now over 50%. The index assigns ratings to cities based on a variety of factors, and they have upgraded [...]
D/FW Home Sales Down 30% in October 2010 Compared to October 2009
The Dallas Morning News reported that sales of single-family homes in the D/FW area dropped a whopping 30% in October of 2010 compared to October of 2009. October was the fifth straight decline in monthly sales in 2010 compared to 2009. A summary of other statistics noted in the article: The median sales price of [...]
DFW Mortgage Delinquencies Improve, Foreclosures Worsen
The latest report from Core-Logic data shows mixed news for the Dallas Fort Worth real estate market. The good news is that fewer homeowners appear to be falling behind on their payments. The bad news is that more homeowners are progressing to the full-blown foreclosure stage. A summary of statistics and details in the report: [...]
Latest Case Shiller Report Shows Dallas Home Prices Down 1.7% in August 2010
Yesterday morning, Case Shiller released their monthly report of home prices for metro areas nationwide. The Dallas Fort Worth area showed a 1.7% decline in single family home prices in August of 2010 compared to August of 2009. This latest data would seem to contradict reports that show the median home price in DFW has [...]
