Dallas Foreclosed Homes Up 40% from 2007
April 30th, 2008 by 
Joseph Smith
The Dallas Foreclosed Homes scene continues to offer great deals for investors, as new statistics show that the current foreclosure rate in the city is up over 40% from May of 2007. With more than 4,400 homes currently scheduled for auction during the first week of the month, the market is absolutely flooded with new Dallas foreclosure listings, as many experts predicted it would be at the beginning of the year.
Dallas has been no stranger to the foreclosure crisis, as it has been one of the leading cities in Texas for some time now. The Texas foreclosed homes market has also been booming, but the northeastern part of the state has held a higher rate for most of the past few years than the rest of the state, and this has been due in large part to the amount of Dallas Foreclosed Homes.
2007 saw a record year for foreclosures in the city, with over 43,000 homes posted for sale at some point during the year. While not all of them ended up being sold off, other states in 2008 have seen more homes that go into default end up being sold at auction than in previous years, indicating that homeowners are having more trouble keeping up with payments than usual, which could contribute to another big spike in the Dallas Foreclosed Homes market sometime soon.
There is plenty available for purchase in the area, and the homes are of high quality. Dallas can be a great city to invest in, because it still has high population growth and a good economy due to a growing business sector.
