Good News for DFW real estate!
Posted by Andrea Bell Real Estate on October 15, 2011 · Comments Off
According to today’s Dallas Morning News, residential foreclosure postings in the DFW area hit a 4-year low in the first half of 2011. That’s down 10% from the same period in 2010 and down 25% from 2008.
This is a healthy sign for the area real estate market!
Local economists agree, “The reduction in home foreclosures is a trend we hope to continue to see. The housing market appears to have reached bottom” says D’Ann Peterson, Business Economist for the Dallas Federal Reserve.
“I expect that the worst is probably behind us”, Dr. James Gaines Economist for the Real Estate Center at Texas A & M.
Good News for DFW real estate!
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