The average nationwide foreclosure rate in July was 2.8%. The Fort Worth / Arlington foreclosure rate was only 1.1% percent during the same time frame.
So basically, Fort Worth is twice as good as any other city. Especially Dallas.
We also made the top 10 list for expected performance in home prices.
Just something to make you feel better about, well, Ft. Worth.
September 17th, 2009 at
So does that mean that in one month 1.1% of all loans were foreclosed? So is it cumulative? In a year (if all months were the same) 13% of loans are foreclosed? That seems possible here but in other markets, with much higher monthly rates – like 5%, that would be annualized at 60% - that doesn’t seem right.