21 posts categorized "Housing market"


Fort Worth-Arlington area home prices rise again in June

Fort Worth-Arlington home prices rose 8.5 percent in June from a year ago, according to the latest monthly home price report from CoreLogic.

On a month-over-month basis, home prices increased 0.9 percent in June from May.

CoreLogic, a leading property information and analytic provider, said home price nationwide increased 7.5 percent in June, representing 28 months of consecutive year-over-year increases.

On a month-over-month basis, home prices nationwide rose 1 percent in June from May. CoreLogic said it is anticipating home prices rising 0.7 percent from June to July and another 5.7 percent from June to June of next year.

"Home prices are continuing to rise fueled by ongoing tight supply, low rates and aggressive investor buying on the East and West Coasts," said Anand Nallathambi, president and CEO of CoreLogic. "The expected surge in the number of homes for sale has not materialized to date as many homeowners are staying put and waiting for better economic times and higher prices in the future."

_ Sandra Baker


Fort Worth-Arlington mortgage delinquency and foreclosure rates dropping

The percentage of mortgage holders in Tarrant and five adjacent counties delinquent on their payments at least three months fell to 3.7 percent in May, compared to 4.1 percent in the same month last year.

The foreclosure rate in the same area was 0.77 percent in May, down from 1.2 percent in May of 2013, according to CoreLogic.

The delinquency rate, the percentage of all mortgages 90 days or more late, fell below 4 percent in March and stayed there since.

Nationally, the deliquency rate stood at 4.4 percent and the foreclosure rate at 1. 7 percent, CoreLogic said.

The local rate includes data from Tarrant, Parker, Hood, Johnson, Sommervell and Wise counties.

_ Sandra Baker


Area's mortgage delinquency and foreclosure rate still falling

Fewer Fort Worth-Arlington area mortgage holders are falling behind on payments as the area’s foreclosure rate continues to decrease, according to CoreLogic data firm.

In Fort Worth-Arlington, which includes Tarrant, Johnson, Parker, Wise, Hood and Somervell counties, 3.76 percent of all the mortgages were at least 90 days delinquent, compared to 4.17 percent in April 2013, CoreLogic said.

The area foreclosures among outstanding mortgage loans was 0.78 percent for April, a decline of 0.44 percentage points from April of 2013, when the rate was 1.22 percent.

The rates are well-below the national averages, CoreLogic said.

The 90-day delinquency rate was 4.54 percent in April, compared to 5.78 percent in April 2013. The national foreclosure rate was 1.77 percent in April, compared to 2.66 percent in April 2013.

_ Sandra Baker


Fort Worth-Arlington home prices rise 9.4 percent in March

Fort Worth-Arlington home prices were up 9.4 percent in March from a year ago, slightly below the national home price increase of 11.1 percent, according to CoreLogic’s latest home price index released today.

Locally, on a month-over-month basis, home prices were up 1.9 percent in March, the index said.

CoreLogic, a real estate information and analytics provider, said the national increase in March represents 25 month of consecutive year-over-year increases.

Low inventory of new and used homes has caused home prices to rise. Housing economists now, however, fear rising mortgage rates will slow sales.

“Home prices continue to rise across the nation, but affordability, tight credit and supply concerns are becoming an increasing drag on purchase market activity," said Anand Nallathambi, president and CEO of CoreLogic in a statement.  "In many markets – especially major metro areas like Los Angeles, Atlanta and New York – home prices are being driven up at double-digit rates fueled by a lack of inventory and record levels of cash purchases."

_ Sandra Baker


The Fort Worth-Arlington mortgage delinquency rate inches up in November

The number of Fort TX_FortWorth_19100_23104_201312Worth-Arlington mortgage holders more than 90 days delinquent on their loans fell to 4.17 percent in November, compared to 4.6 percent from November 2012, according to a CoreLogic report..

The rate inched up from 4.1 percent October. It was last above the current rate in March 2013 when it reached 4.3 percent, CoreLogic said.

Foreclosure rates in FortWorth-Arlington also decreased in November, CoreLogic said.

CoreLogic said the rate of FortWorth-Arlington area foreclosures among outstanding mortgage loans was 1.04 percent for the month of November,  a decrease of 0.15 percentage points compared to November of 2012 when the rate was 1.19 percent.

Foreclosure activity in FortWorth-Arlington was lower than the national foreclosure rate, which was 2.18 percent for November 2013.

_ Sandra Baker


Fort Worth-Arlington home prices up in November, says CoreLogic report

Fort Worth-Arlington home prices increased 5.9 percent in November from a year ago,  according to a home price index report from CoreLogic.

Nationally, home prices were up 11.8 percent in November compared to November 2012, CoreLogic said.

Home prices have been increasing monthly, on a year-over-year basis, for nearly two years, CoreLogic said. 

“Year-over-year home prices are up an impressive 11.8 percent," said Mark Fleming, CoreLogic’s chief economist "Our pending HPI projects that home prices will grow by 11.5 percent for the full year 2013. That will make 2013 the best year for home-price appreciation since 2005."

Said Anand Nallathambi, president and CEO of CoreLogic, "The outlook for 2014 looks a bit less robust as regulatory complexities and tight credit can be expected to cool the housing market."

States with the highest home appreciation in November were  Nevada (+25.3 percent), California (+21.3 percent), Michigan (+14.4 percent), Arizona (+13.5 percent) and Georgia (+13.3 percent).

Texas saw an 8.7 percent increase in prices in November.  Arkansas was the only state to show depreciation, down 1.1 percent.

_ Sandra Baker


Fewer Fort Worth-Arlington mortgage holders late on loan payments

The number of mortgage holders in FortWorth-Arlington late on their loan payments remained flat in October from September, but dropped significantly from the same period a year ago, according to CoreLogic research firm's latest figures.

The delinquency rate for loans at least 90 days late was 4.1 percent in October, the same rate as September, but 0.53 percentage points below October of 2012, CoreLogic said.

Fort Worth-Arlington foreclosure rate among outstanding mortgage loans was 1.02 percent, a decrease of 0.27 percentage points from October of 2012.

The national foreclosure rate in October was 2.15 percent and 0.95 percent in Texas.

_ Sandra Baker


More households moving to Tarrant County than out, says Realtor report

Tarrant County is among the most mobile counties in Texas and the U.S., according to a Texas Association of Realtors report. 

Tarrant County ranks No. 6 in the state and No. 15 nationally for the largest net gain in households, 3,138, according to the 2013 Texas Relocation Report. The report is based on National Association of Realtors data. 

The report says Texas saw a net gain of households, 10,326 more household moving in than out to other states.  

Harris County was the most mobile county in the state, ranking No. 1 in the state and No. 3 nationally with the largest inflow of households, 67,299, the report said. Dallas County was second in the state and No. 7 nationally, with 54,388 households, and Tarrant County was third in the state and No. 16 nationally, with 40,699 households moving in. 

Harris County is also the top county in Texas and third-largest county nationally for outflow of households, 65,395. Dallas and Tarrant counties have the second- and third-largest outflow of households statewide and are ranked No. 6, with 56,223, and No. 19 nationally, with 37,561 homes moving out. 

Dallas County experienced the highest net loss in households statewide, -1,845. 

Denton County is No. 5 in Texas and No. 14 nationally for the largest net gain in households, 3,593.  

Shad Bogany, Texas Association of Realtors chairman, said the numbers reflect a genuine surge in demand fueled by job and population growth. 

“People are moving, and they’re moving to Texas,” Bogany said.  

The Texas Relocation Report is based on data from the National Association of Realtors 2012 Relocation Report and the U-Haul 2012 Relocation Report.

_ Sandra Baker

Fort Worth-Arlington home prices up 6 percent in August, report says


Fort Worth-Arlington home prices increased 6 percent in August from a year ago, a CoreLogic report shows.

The increase includes the sale of distressed properties.

When distress sales are excluded, home price in August rose 9.6 percent in August from a year ago, the report said.

On a month-over-month basis, home prices, including distressed sales, increased 0.8 percent in August over July, CoreLogic said.

Home prices nationwide, including distressed sales, increased 12.4 percent on a year-over-year basis in August, the report said. The increase was the 18th consecutive month of year-over-year increases nationwide, the report said.

_ Sandra Baker


Wells Fargo giving $200,000 to Tarrant housing agency

Tarrant County Housing Partnership on Thursday will receive a grant for $200,000 from Wells Fargo Housing Foundation to support the agency’s work providing affordable housing. The grant is part of Wells Fargo’s national effort to increase affordable housing while stabilizing and rebuilding distressed neighborhoods. It's the foundation's second grant to the agency and one of 59 Priority Market grants nationally totaling $6 million. Wells Fargo executives, leaders of the Tarrant County Housing Partnership, Fort Worth Mayor Betsy Price and Tarrant County Development Director Patricia Ward will participate in the ceremony and formal check presentation Thursday at 2 p.m. at the Hazel Harvey Peace Center for Neighborhoods, 818 Missouri Ave. in Fort Worth.

“Our Dallas-Fort Worth team members are really pleased that we can continue to support the Tarrant County Housing Partnership and the great work it does for affordable housing and neighborhood stabilization in Tarrant County,” said John Gavin, Wells Fargo’s regional president for community banking. Gavin and Wells Fargo Home Mortgage Regional Sales Manager Michelle Eldridge will represent Wells Fargo at the ceremony. “It’s hard to express in words our appreciation for the continued support of Wells Fargo,” said Donna VanNess, president of Tarrant County Housing Partnership. “Their generosity has been an important factor in our success.”

-- Jim Fuquay



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