{"id":470255,"date":"2010-03-25T08:33:49","date_gmt":"2010-03-25T12:33:49","guid":{"rendered":"http:\/\/www.foreclosuredeals.com\/wp\/?p=5722"},"modified":"2010-03-25T08:33:49","modified_gmt":"2010-03-25T12:33:49","slug":"dallas-pre-foreclosures-surged-but-city-is-holding-up-well","status":"publish","type":"post","link":"https:\/\/mereja.media\/index\/470255","title":{"rendered":"Dallas Pre Foreclosures Surged but City Is Holding Up Well"},"content":{"rendered":"

The pace of Dallas pre foreclosures<\/a> in the February-March period stepped up, but home prices have been holding up well, as the city economy continued to be strong amid the downturn.<\/p>\n

\"Dallas<\/div>\n

There were 5,548 housing units in the Dallas area posted for the March auction, a 30-percent spike from the number of properties posted for the March 2009 auction and an 18-percent spike from postings for the February 2010 auction.<\/p>\n

Despite the increase in number of foreclosure homes in Dallas<\/a> and in the number of properties entering homes auctions in Dallas<\/a>, the metro area has been predicted by analysts as among the top markets that will recover fast from the recession.<\/p>\n

According to the Moody’s analysts that participated in the recent annual Dallas economic congress, the Dallas metro area and other Texas<\/a> metro areas will be among places that will lead the country in economic recovery and employment growth.<\/p>\n

While unemployment is expected to worsen in many areas of the country, the employment level in the Dallas metro area is predicted by analysts to improve in 2010 by around 1.5 percent and in 2011 by 3 percent. Despite upticks in Dallas pre foreclosures, job growth is expected to help many homeowners in distress to cure their mortgage delinquencies.<\/p>\n

Moody’s analysts said that the oil, gas and high technology sectors will be the sectors that will carry the economy of Texas in the next several years. They also explained that fiscal conditions are strong throughout Texas because the housing market did not balloon to unmanageable levels.<\/p>\n

Additionally, they said the housing sector is not a substantial driver of the Texas economy, unlike in other states.<\/p>\n

Steven Cochrane, managing director of Moody’s Analytics, added that the new health legislation will also spur further growth in Texas because of the high percentage of residents who lack health insurance.<\/p>\n

Another sign of the strong economy of the Dallas metro area is its popularity as a destination for people leaving their states for greener pastures. For the 12-month period from July 2008, the number of people who moved to Dallas and its surrounding communities reached almost 147,000, the highest number posted by a metro area in the U.S.<\/p>\n

According to Rice University professor Steve Murdock, who previously headed the U.S. Census Bureau, the availability of jobs and the control of Dallas pre foreclosures are among the reasons for the rising population of Dallas and its environs.<\/p>\n

Search pre foreclosures in other USA cities:<\/p>\n