Number of Dallas homes posted for foreclosure, second quarter 2008: 7,638
Increase in Dallas foreclosures over same period in 2007: 10.1 percent
This story first appeared in the October 16, 2008 issue of WWD. Subscribe Today.
Number of U.S. homes posted for foreclosure, second quarter 2008: 739,714
Increase over the same period in 2007: 121 percent
Current average price of a four-bedroom Dallas home: $326,425
Current average price of a four-bedroom home nationwide: $403,738
Sales of existing North Texas homes in August: Down 18 percent from a year ago.
Their median price: $150,000, down 3 percent.
Sales of existing homes in September: Up 2 percent.
Their median price: $142,500, down 2 percent.
Sources: RealtyTrac; Coldwell Banker Real Estate; Residential Strategies; Standard & Poor’s/Case-Shiller home price index; North Texas Real Estate Information System and Texas A&M University Real Estate Center