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Mixed Data for the Dallas Housing Market
It is a day of mixed news on the health of the Dallas housing market.  Case-Schiller released its monthly analysis of home prices and they fell 2.6% in September as compared with September of 2009.  This compares with a .6% decline in the average of the top 20 us real estate markets.   Overall Dallas home prices have fallen 7% from the peak of the market in mid-2007.
There was - what I consider some fairly good news - on the foreclosure front.  The number of homeowners in September 2010 that were more than 3 months delinquent in the mortgages was around 5% - which is roughly the same as in September of 2009.  The actual foreclosure rate was 1.5% - essentially unchanged from August 2010, but slightly higher than the 1.33% in September 2009.
As a point of perspective - Dallas foreclosure numbers were less than 1/2 the national average of 3.29% and its 3 month delinquency rate of 5% compares very favorably with the national average of 7.8%.   You can visit CoreLogic Inc. for more detail on these numbers and for other cities.
All in all - it remains a great time to relocate to Dallas.  Interest rates are excellent, ... more

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