Number of sales are declining in our market, a trend that is happening all over the country. There few reasons why this is happening. The most common reason: is harder to get a loan today than used to be few years ago. But there is another major reason: the number of foreclosed properties on the […]
Dallas-Fort Worth residential foreclosure postings for the August courthouse auctions dipped below 4,500 for the fourth consecutive month and have declined 14% compared to August 2010, according to Foreclosure Listing Service Inc.FLS said 4,024 residences were posted for August foreclosure auctions compared to 4,671 notices in the year-ago period. From an ‘HousingWire’ article.
10 Best-Performing Major Housing Markets: Dallas is #4 Ten of the highest performing major market metros are expected to improve their performance over the first half of the year, with five of the top 10 even expected to see modest gains, reports Clear Capital in its latest monthly Home Data Index. While housing prices in […]
Change in real gross metro product since peak: 3.6 percent Change in no. of jobs since peak: -2.5 percent Unemployment rate (May 2011): 7.9 percent Change in housing prices since peak: -10.2 percent Texas’s largest metro area has thriving logistics, technology, and professional service industries, including such companies as Texas Instruments, Exxon-Mobil, Baylor Health Care […]
How bad is the foreclosure wave in Plano? Maybe is not so bad after all: as of today 6/29/2011 there are 93 REO/Lender Owned homes available for sale. The big picture? In Plano are 1,562 homes available for sale today! The foreclosures represents about 5.9% of the market which a tolerable amount. This could be […]
Reports are very contradictory: some people are saying that sale prices are ion the rise, and market is recovering. But, Case-Shiller Home Price Index says that home values declined with 2.8% in January 2011 vs. January 2010. My own observation are pretty much in line with the Case-Shiller: we are seeing a decline with an […]
Nord Realty is a real estate firm specialized in foreclosures. Operates in all Dallas – Fort Worth areas. We represent major banks in selling the foreclosed homes.