Looks like some cities foreclosure problems are actually getting worse as time goes on. The good news? DFW is not one of those areas. Dallas foreclosures have declined about 16% according to a current ranking. Currently our foreclosure rate is about 1:131, so one home defaults for every 131 out there. This puts the area at about 14 out of the top 20 cities hit.
Seattle, which had been well known for not having much of a crises, has climbed to the top of the chart. Not for the number of foreclosures, but for the percentage increase in instances.
Meanwhile, Alan Greenspan said that home prices have stabilized only temporarily. He suggests that we may have another downward turn in home prices; which would severely undercut confidence and the larger economy.
Have to find a silver lining somewhere.
August 2nd, 2009 at
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August 10th, 2009 at
[...] City Foreclosure SeeSaw Looks like some cities foreclosure problems are actually getting worse as time goes on. The good news? DFW is not one of those areas. Dallas foreclosures have declined about 16% according to a current ranking. Mail this post [...]