In 2018, the total number of homeowner households hit an all-time high of 76.2 million. 36.6 percent of households rent their homes and 64.4 percent buy their homes (2018 U.S. Census Bureau). As of this writing, there are 3,143 single family homes for sale in Dallas, TX on Zillow. Additionally, there are 691 single-family homes for rent in Dallas, TX. Under potential listings, there are about 62 foreclosed and 147 pre-foreclosure homes. These are the properties that may be coming to the market soon but are not yet found on a multiple listing service (MLS).
DALLAS FORECLOSURES AND BANK-OWNED HOMES As per the Dallas foreclosure data by Zillow, 0.2 homes per 10,000 are in foreclosure. The percent of delinquent mortgages in Dallas is 1.3 percent, which is higher than the national value of 1.1 percent. Many homeowners are now underwater on their mortgages, meaning they owe more than their home is worth. The percent of Dallas homeowners underwater on their mortgage is 5.7 percent. In October 2019, the number of properties that received a foreclo- sure filing in Dallas was six percent
higher than the previous month and two percent higher than the same time last year.
DALLAS HOME PRICES AND REAL ESTATE APPRECIATION At the start of 2019, the median home price in Dallas was around $201,000, a gain of more than 13 percent from a year earlier, according to Zillow. The Dallas housing market predictions for 2020 are pointing to a steady rise in home values. In fact, the Dallas real estate market is expected to outperform
DALLAS
DALLAS
TEXAS
NATIONAL
0.05
0.04
0.03
0.02
0.01
0.00
DALLAS
DALLAS
TEXAS
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SOURCE: ZILLOW.COM
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