SOUTHLAKE, TEXAS – Indicators point toward a much stronger real estate market for DFW and North Texas in 2012.
Foreclosure filings were down 26 percent in January in the Dallas Ft Worth area from the first month of 2011. It’s the biggest year-over-year decline in more than 2 years.
George Roddy, CEO of Addison-based Foreclosure Listing Service
New home starts may increase 15% from last year.
Dallas Morning News, February 9, 2012
North Texas’ population growth led the nation with more than 146,000 new residents in N. Texas area from 2008 to 2009 (latest figures available).
North Texas Commission
Nationwide housing affordability during the third quarter of 2011 hovered near its highest level in more than 20 years.
National Association of Homebuilders
Mortgage interest rates are at an historic low – the lowest since World War II.
Federal Home Loan Mortgage Corporation (Freddie Mac).
“Housing sector (is) now, potentially, a source of growth”.
Harvey Rosenblum, Executive Vice President & Director of Research, Dallas Federal Reserve, in a presentation to the San Antonio Chamber of Commerce
Homes put under contract for sale in January 2012 (contract pending) were up more than 19% over January 2011.
The Ebby Halliday Companies