Foreclosure Rates Increase from Last Year for Dallas, Plano, and Irving

Still lower than national average

By Justin Hinton
|  Thursday, Dec 8, 2011  |  Updated 12:20 PM CDT
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Foreclosure Rates Increase from Last Year

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New study shows foreclosure rates from January 2009 to September 2011.

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Foreclosure rates in the Dallas-Plano-Irving area for September are slightly higher than last year's rate, according to a housing report released by CoreLogic.

Although the report indicates a rise in foreclosure, the Dallas-Plano-Irving rate is still lower than the national rate. That area's rate, however, it is still higher than the state average.

In September 2011, the national rate was nearly 3.5 percent while Dallas, Plano, and Irving saw a combined foreclosure rate of 1.6 percent. Texas, as a whole, saw a 1.53 percent foreclosure rate.

The report also says the local delinquency rate is close to 5 percent, down from what it was last year, suggesting that homeowners are doing better at keeping up with their house payments.

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