The recent recession and slow recovery has wreaked havoc on businesses and households throughout Dallas TX, alike. But there is progress being made in North Texas. Pending sales increased for the second consecutive month, according to the National Association of Realtors and their latest Pending Home Sales Index.
Pending sales rose 4.3 percent, and were up in all regions except the Northeast, which saw a 2.9 percent decline. "Attractive affordability conditions from very low mortgage interest rates appear to be bringing buyers back to the market."However, the pace of a home sales recovery still depends more on job creation and an accompanying rise in consumer confidence."
In Dallas foreclosure news this week, nearly one in every four Dallas homes sold in the second quarter of this year were in some state of foreclosure. Additionally, these homes sold for 26 percent or more below the average sales price compared to properties not in foreclosure.
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