North Texas foreclosure rate at 0.2 percent

​DALLAS – ​​Only 0.2 percent of North Texas homes were in foreclosure in July, according to CoreLogic data.

During the worst of the recession in 2010, about 1.5 percent of all area home loans were in foreclosure.

In Dallas-Fort Worth, 3.7 percent of home mortgage holders were one or more payments late.

With higher home values, fewer homeowners with loans are underwater, making foreclosure less likely.

"The strong performance of the DFW economy has led to a sound housing market," said Real Estate Center Research Economist Dr. Luis Torres. "The metro has had vigorous job growth. Migration of companies and people caused housing prices to rise and home equity to increase, leading to a fall in foreclosure rates."

​Austin-Round Rock had the lowest foreclosure rate of the major ​Texas metros at 0.1 percent. It also had the lowest​ mortgage delinquency rate at 2.3 percent.

San Antonio-New Braunfels and Houston-The Woodlands-Sugar Land had foreclosure rates of 0.3 and 0.4 percent, respectively. San Antonio’s delinquency rate was 4.9 percent, and Houston’s was 4.7 percent.

Nationally, 0.4 percent of homes were in foreclosure—a 20-year low. The mortgage delinquency rate w​as also at a two-decade low at 3.8 percent.

The Real Estate Center has more information on housing:​