Friday, July 16, 2010

Dallas-area home foreclosure postings fall 3%

The latest Dallas-Fort Worth area home foreclosure data shows a fourth month of annual declines.


Lenders posted 4,671 homes for auction at next month’s foreclosure sales, Foreclosure Listing Service said Friday. That’s 3 percent fewer foreclosure filings than a year ago.

And the current postings are 17 percent lower than last month’s total – another good sign.

But analysts remain cautious and point out that home loan defaults in North Texas are still near record levels.

“This foreclosure crisis is not going to get better overnight and I see it continuing at this pace at least through the end of this year,” said George Roddy, president of the Addison-based foreclosure tracking firm. “I remain concerned about this foreclosure crisis for a number of reasons.

6 comments:

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