Home foreclosures in the Dallas-Fort Worth area are down 4% from last year, according to a recent article from the Dallas Morning News. In some counties the numbers have even dropped 20% from last month’s “6,000 postings.”
The article quotes George Roddy stating “any decline from last month looks good” and “one month does not make a trend.” Since 2007 this is the first month that foreclosure postings have declined “on a year to year basis.”
The article goes on to state that duplicate monthly postings may have contributed to the year’s high total.