DFW home values soar high pushing foreclosures down lowDFW home values soar high pushing foreclosures down lowhttps://www.recenter.tamu.edu/news/newstalk-texas/?Item=112992015-12-02T06:00:00Z2015-12-02T22:00:00Z

​​​DALLAS-FORT WORTH - As home prices in North Texas have hit record highs, the number of houses set for forced sale by lenders has dropped to the lowest point in almost 15 years.

A huge turnaround from the recession in 2010 when a record 63,835 DFW homes were scheduled for foreclosure, sent to the courthouse steps by plunging residential values and rising unemployment. 

North Texas was one of the last U.S. markets to see the housing crash and one of the first to make it to a recovery.

This year, only 15,846 homes were posted for foreclosure by lenders, according to Addison-based Foreclosure Listing Service.

The smallest number of foreclosure filings has been in Collin and Denton counties, where only about 3,100 properties went into default.

Home prices in DFW are up about 10 percent this year and prices have risen 35 percent since 2012, according to the Case-Shiller Home Price Index.

Dallas now has one of the lowest big-city foreclosure volumes in the country, and at midyear, the area had the second highest home equity levels in the country.

Continued strong employment gains and record population growth will keep demand for houses high and foreclosure signs will be fewer and farther between in 2016.
Dallas Morning News
Dallas-Fort Worth-Arlington

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