Foreclosures Post Double-Digit Declines
In yet another sign that the local housing market is strengthening in 2010, foreclosure postings are way down for the February 2nd auction of homes in the area’s four largest counties. Postings plummeted 20 percent from January in Dallas, Collin, Denton and Tarrant counties, and were down 4 percent from one year ago in Dallas, according to a report released by Addison-based Foreclosure Listing Service.
”This decline is welcomed news,” George Roddy Sr., president of the real estate research firm said in a statement. ”While this decline may be what we have been waiting to see, a change for just one month does not establish a new trend. We will just have to wait to see what happens next month.”
February postings in Dallas County fell 19 percent from the January auction, while Collin County posting fell 28 percent, and Denton County postings fell 25 percent. Those three counites were also down compared with a year ago, and all four saw lower filings than two years ago.
