Good Time or Bad Time to Enter the Dallas Real Estate Game?

Great question you pose there in leading off, Jason, with that nice link to Steve Brown’s story on how we maybe shouldn’t jump for joy that D/FW foreclosures have fallen to their lowest levels in three years. (There’s a four million dollar foreclosure not too far from moi!) There are programs out there trying to keep folks in their homes, like the Mortgage Banker’s Association’s new forbearance program I wrote about yesterday. First American CoreLogic reported yesterday that one out of every four Americans is underwater in their mortgage. Well, I was at a Metrotex Association of Realtors event last night and learned, thank you Jesus,  we are not as bad as the national stats: about 12 to 15% of D/FW homeowners may be underwater, but our days on the market are far shorter than the national average. Then there’s all this confusing data coming in — our values are up, our sales are down. There’s a few other things to consider as well, so stay tuned to DallasDirt –– I’m trying to make sense out of all of it and, of course, get you some decent House Porn.

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