Monday, November 22, 2004

Here are a couple of housing foreclosure tidbits for you all to nibble on.

Dallas-Fort Worth, which has seen existing home prices slide 1.6% from last year:
There were nearly 10,000 foreclosure postings on Tarrant County [Forth Worth's county] homes in 2004, the highest number of postings since the real estate crash of the late 1980s, according to figures from Foreclosure Listing Service.

The 9,944 Tarrant County foreclosure postings this year were 14 percent more than in 2003, according to the service.

Dallas, Collin and Denton counties each had increases of 7 percent and 14 percent over last year.

The four counties together reached 31,409 foreclosure postings, a 12 percent increase over 2003.
Across Colorado, too; prices in Denver seem to be declining:
even without every foreclosure being counted, 9,930 foreclosures were opened through October, 28.4 percent more than the 7,731 in the first 10 months of 2003.

"That's scary, really scary," Dubas said.

In all of 2003, 9,431 foreclosures were filed in Adams, Arapahoe, Boulder, Broomfield, Denver, Douglas and Jefferson counties. That was a 43.5 percent increase from 2002, when 6,574 homes went into foreclosure.

Last year's foreclosures were surpassed only by the 17,122 foreclosures filed in 1988. Foreclosures last year accounted for about 1 percent of the homes on the market, compared with 2.3 percent of the housing stock in 1988.


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