Almost half of U.S. housing markets are now seeing foreclosure rates lower than they were before the Great Recession.
Attom Data Solutions looked at foreclosures of homes in more than 200 metro areas for its just released report.
The Dallas area was one of the areas with the lowest foreclosure volumes, according to the analysts.
Dallas home foreclosures are now 73% below where they were before the housing market crash in 2006 and 2007.
Foreclosure activity is 67% below prerecession levels in Atlanta and 52% below in Houston.
"U.S. foreclosure activity on a quarterly basis first dipped below prerecession averages in the fourth quarter of last year, and this report shows that trend continuing for the second consecutive quarter," said Daren Blomquist, senior vice president with Attom Data Solutions. "The number of local markets dropping below prerecession levels continues to grow, up from 78 a year ago to 102 in this report."
The U.S. home markets still above prerecession foreclosure levels include New York, Chicago and Philadelphia.
Thousands of North Texas homeowners lost properties during the recession as a result of excessive mortgages and job loss during the downturn.
But with home values soaring in the area, fewer properties are winding up in foreclosure.
Dallas-area home prices have risen by about 50% since the worst of the economic decline in 2010.
Attom Data Solutions estimates that 36,370 U.S. properties started the foreclosure process in March, down 24% from a year earlier.
