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Dallas Texas Real Estate Blog > Is it time to start buying foreclosures in Dallas?Is it time to start buying foreclosures in Dallas?Contributed by DTRE on June 23, 2009 Despite a further 5% drop in median home sales prices in Dallas-Forth Worth in the first quarter of 2009, foreclosed homes are not being seen as a bargain. More than 30% of potential buyers think that prices have further to fall and buying a foreclosed home now could see the house continue to lose value. A report by the National Association of Realtors reported that 70% of renters interviewed expressed an interest in looking at foreclosed homes with the intention of buying. With more than 30,000 homes in Dallas Fort Worth being posted for foreclosure in the six months to May 2009, there is likely to be plenty of choice for bargain hunters in the near future. Similar Postings: Which Dallas neighborhoods have the most foreclosures? San Antonio homeowners struggle with mortgage payments Comments:No comments have been submitted yet.
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