SocraticGadfly: 10 percent of Dallas homes go underwater

August 12, 2008

10 percent of Dallas homes go underwater

One out of every 10 Dallas homes purchased last year sold for a loss.

And, 10 percent of people who have bought homes here in the past five years are upside down right now.

True, it’s not Stockton, Calif., which has a 38 percent year-over-year decline in home values, but it is a reminder that Dallas isn’t scot-free on any economic slowdown.

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