Affect of foreclosures in Southern Dallas county market

By
Real Estate Broker/Owner with Ebby Halliday Realtors

For a while the percentage of existing homes sold, that were foreclosures was running about 30%, for most of 2006. But in Nov. the percentage in DeSoto went to over 65%, followed by Lancaster with 60%. In Dec. 2006, DeSoto, Lancaster, Cedar Hill all had over  50%, Duncanville with over 40%. This has got to affect existing homes sales and prices.

Comments (3)

David Spencer
Keller Williams Northland - Kansas City, MO
Show Me real estate in Kansas City
Will there be anyone around to shut the lights off? What is the contributing factor?
Feb 09, 2007 09:12 AM
Anonymous
Art

Variety of reasons, including everyone is entitled to a house, whether they can afford it, or not. Second we have never had the rapid apreciation, as in other parts of the country, and now according to the PM edition of Inman news, the Dallas area, is depreciating.

Feb 09, 2007 09:19 AM
#2
Tom Burris
NMLS# 335055 - Baton Rouge, LA
Texas/Louisiana Mortgage Pro - 13 YRS Experience

it is only going to get worse before it gets better.

lots of folks have been gioven the opprotunity to buy homes with the aggressive loans out there.... a lot of them squandered their chances.

 

Feb 10, 2007 03:10 AM