Dallas area foreclosure rates continued to remain well below the national average and continued to decline for another straight year in 2012.
Dallas posted a 1.17 percent foreclosure rate in December, decreasing 0.28 percentage points year-over-year, according to data released Tuesday by California-based CoreLogic(NYSE: CLGX).
This was significantly lower than the national average of 2.96 for the month of December.
In addition to the declining foreclosure rate, mortgage delinquency rates also decreased in December. In the North Texas area, mortgage loans that were 90 days or more delinquent fell to 4.28 percent compared with 5.1 percent year-over-year.
This continuing trend is a largely contributing factor to some of the lowest interest rates on record! Buyers beware, your dream home is waiting just around the corner!
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