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, there is an adequate supply, the job market continues to be strong and homes are generally retaining their values. Dallas has been fortunate to maintain a strong net inflow of relocations throughout this downturn.
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Because we are compensated for our services by our real estate and moving partners, there generally are no additional charges to our clients for our services.
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Corporate professionals have enjoyed the benefits of relocation services for years and I believe that those same benefits should be available to everyone.
Give me a call with any questions that you may have and let's get your relocation to Dallas started today! I can be reached at 877.477.3542 or by e-mail at email@example.com
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