DFW Foreclosures Ranked 11th
The latest report is out and it shows DFW has a surge of 27% in foreclosures going up for auction in March. However, the number 27 doesn't mean too much in an average. I say that because it takes into consideration Denton County that had a 42% increase. But, at 42%, there were "only" 464 foreclosures for the entire county. When you look at the number 464, you think, that's a lot of homes. It's not really that many homes when you look at the population (2006 estimated population of 584,238) and how 464 is a very small percentage of properties in the area.
Then, you have a 20% increase in Collin County (2006 estimated population 698,851). To get to that 20% increase, it's "only" 495 foreclosures.
The Dallas Fort Worth area had over 43,000 foreclosure for 2007. DFW is ranked 11th across the country. We were in the top 10 for so long, so it's good to see we're out of that grouping.
D-FW AREA FORECLOSURE POSTINGS Residential properties scheduled for foreclosure auction in March for each of the counties.
Dallas County 1,884 25%
TarrantCounty 1,318 28%
Collin County 495 20%
Denton County 464 42%
D-FW area 4,161 27%
SOURCE: Foreclosure Listing Service Inc.
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