At the onset of the coronavirus pandemic, many aspects of daily life were paused to give people a break as they transitioned to a pandemic. World student loan payments were stopped, eviction moratoriums issued, people’s home mortgage payments temporarily suspended in some cases.

Well, now nearly all of those COVID-era protections are gone and Texans are feeling the effects. Last year, the Lone Star State recorded more than 28,000 foreclosure filings.

The Dallas Morning News real estate editor Steve Brown joined Texas Standard to explain. Listen to the interview above or read the transcript below.

This transcript has been edited lightly for clarity:

Texas Standard: Your reporting shows that the Dallas-Fort Worth area is seeing something like a 19% increase in home foreclosures?

Steve Brown: In the filings. Now, not all of those are actually foreclosed on. Sometimes the homeowner can work out an agreement with the lender, but you gotta watch percentages. The thing about percentages is, if I got a dollar and then I get another dollar, that’s a 100% increase, but I still only got $2.

To continue reading the rest of the article, please click on the source link below:

Texas housing market is ‘correcting from where we’ve been during the pandemic’