foreclosures: Rise & Fall in Dallas Bank Foreclosure Rates
- 03/10/08 02:30 AM
By the end of the third quarter of 2007, the Dallas bank foreclosures had lost steam. The Dallas metro area with its 8 counties reported 3,450 foreclosure homes in October 2007, which helped immensely in lowering the overall foreclosure rate. This also had a positive impact as the number of Texas foreclosure homes also went down. By the end of it all, the rate of Dallas foreclosure homes was one per 437 homes, which was lower than what it was earlier in the year but was still 1.3 times more than the national average. The impact was also felt in places … (0 comments)
foreclosures: Florida: The Second Highest Number Of Foreclosures In The Nation
- 03/05/08 10:39 PM
The Florida foreclosures inventory certainly isn't getting any smaller, as new statistics released by ForeclosureConnections.com recently showed that the state registered the second highest number of foreclosures in the nation during the month of January. These statistics are keeping with the predictions of many housing market experts, as Florida's surplus of real estate is steadily dragging down property values. Due to widespread development and incredible investment buzz brought on by the low interest rates of the recent housing boom, many properties in Florida were grossly inflated in value, and investors and homebuyers alike took out extremely expensive mortgages. Now, almost half … (1 comments)
By the end of the third quarter of 2007, the Dallas bank foreclosures had lost steam. The Dallas metro area with its 8 counties reported 3,450 foreclosure homes in October 2007, which helped immensely in lowering the overall foreclosure rate. This also had a positive impact as the number of Texas foreclosure homes also went down. By the end of it all, the rate of Dallas foreclosure homes was one per 437 homes, which was lower than what it was earlier in the year but was still 1.3 times more than the national average.
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