Foreclosure filings for the Nov. 2 auction date are 9% lower than the prior month in the Dallas/Fort Worth metroplex, to a total of 4,647 homes, which is 16% below the same time last year.
George Roddy, president of Foreclosure Listing Service
that the decrease is not correlated to the Texas attorney general's moratorium
and reflects normal fluctuations in the auction volume. He said nine of the 11 sales this year witnessed an increase or decrease of 10% or more.
“Although a decline is generally welcomed news, I must warn that one month's decline in posting activity, for whatever reason, does not change a long established trend," Roddy said. "Residential posting activity in the D/FW market has been above 4,000 per month for 26 consecutive months. This foreclosure crisis is not going to get better overnight."
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