Almost half of U.S. housing markets are now seeing foreclosure rates lower than they were before the Great Recession. Attom Data Solutions looked at foreclosures of homes in more than 200 metro areas for its just-released report. The Dallas area was one of the areas with the lowest foreclosure volumes, according to the analysts. Dallas home foreclosures are now 73 percent below where they were before the housing market crash in 2006 and 2007. Foreclosure activity is 67 percent below pre-recession levels in Atlanta and 52 percent below in Houston. The U.S. home markets still above pre-recession foreclosure levels include New York, Chicago and Philadelphia. Thousands of North Texas homeowners lost properties during the recession as a result of excessive mortgages and job loss during the downturn.
But with home values soaring in the area, fewer properties are winding up in foreclosure. Dallas-area home prices have risen by about 50 percent since the worst of the economic decline in 2010.
- Dallas Morning News, April 11, 2017