Home foreclosures slow in D-FW, but more layoffs could change that
By STEVE BROWN / The Dallas Morning News
So far in 2009, the rate of home foreclosure growth has slowed dramatically in the Dallas-Fort Worth area. But economists and real estate analysts worry that a surge in local layoffs could lead to more homes lost later this year.
In 2008, more than 21,000 Dallas-Fort Worth area homes were sold at foreclosure auction by lenders after borrowers defaulted on their mortgages.
The flood of foreclosed homes has affected almost every neighborhood in North Texas.
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