Arlington Area Housing Market Improving

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The housing market seems to be improving in the Dallas-Fort Worth area.

According to a new report from CoreLogic, the number of completed home foreclosures in the Dallas-Fort Worth area during the last year has dropped 36 percent from 2012 levels. Lenders foreclosed on 7,264 area homes during the 12-month period ending in October—the lowest volume in more than five years.

Overall, the metroplex ranked ninth nationally for foreclosures among the major cities CoreLogic surveyed. The percentage of seriously delinquent late home loans fell to 3.6 percent – down from 4.35 percent in October 2012.

City of Arlington leaders are also encouraged by the number of new single family permits issued, which for FY2013 increased 147 percent over FY2012.  There were 580 new single family permits issued in 2013, which is an increase of 185 permits over the previous year.

In addition, the average single family valuation increased from $189,000 in 2012 to $209,000 for 2013.

3 Responses to Arlington Area Housing Market Improving

  1. It’s all smoke and mirrors in Arlington. It’s all about the Billion Dollar play pen and the Entertainment district. Our zoning stinks. We have more section 8 housing per capita than our sister cities of equal size. Our Elementary schools stink….2 top rated schools…..which means if your neighborhood school is in the bottom half of the state…….guess which way your property values go? Same direction right? The school board gives years upon years of improvement plans to failing principals and staff to turn it around instead of cutting dead weight and moving them to a new school. I know my boss and most companies give you 90 to 180 days. That’s it. Its almost as bad as The Cowboys. No principal should be at a school more than 6 years……they need to change and adjust. Arlington is the end of one of the hurricane evacuation routes. We never recovered from Katrina…….and the best days of Arlington home ownership are behind us. Check out the demographics on Wiki. Depressing.

    • avatar City of Arlington, TX

      Thanks for your comment. According to stats comparing public housing authority data to the city population data, the Arlington Housing Authority has found the following:

      • Arlington – Population 375,000 – 2.5% of the Arlington population receives housing assistance through the Section 8 program (Arlington has no public housing and one small project based section 8 project based development)

      • Fort Worth – Population 741,206 – 2.5% of the Fort Worth population receives housing assistance through the Section 8 and Public housing program (when considering the number of dwelling units in privately owned section 8 project based developments the actual percentage rate is higher.)

      • Dallas – Population 1,241,000 – 4.8% of the Dallas population receives housing assistance through the Section 8 and public housing program. (when considering the number of dwelling units in privately owned section 8 project based developments the actual percentage rate is higher.)

  2. But what if everybody living near a drill site get a tax property devaluation like me, Jane, Janice, and Chesapeake got?
    Now that would be a game changer for our tax base. So then those homes further away from drill sites should pickup the $$ slack?