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Dallas is poised to make a real estate turnaround. But it still requires months of hard work and smart decisions. If the market is to rebound, real estate investors need to be practical and insightful. They need to asses their personal capital, address issues with their credit, and ensure that their income is secure. To do this, working with a trustworthy realtor, or being well versed in the local market helps. In today's temperamental market, the best policy is preparedness and transparency. If done correctly, cities across the United States will begin to pull out of the global credit crisis. Should this happen, the rental market will turn on its heels. With home foreclosures soaring in most parts of the country, the number of interested buyers of these properties is growing. More than half – 55 percent - of Americans quizzed for a new survey said they would consider purchasing a previously foreclosed house. That’s up significantly in the last few months, according to the survey which was done by Harris Interactive. Buyers who are thinking about foreclosed houses are expecting big bargains it would seem. Forty percent say they want to pay at least 50 percent less for a foreclosed home. “Although consumers are aware that there may be some challenges involved in purchasing a foreclosed home, they are very interested in the bargain opportunities available in the foreclosure market,� Trulia CEO Pete Flint said in the report. In recent months, more than 40 percent of nationwide home sales have been previously foreclosed or distressed properties, real estate brokers say. That’s pulling down the median prices of homes sold in many areas. In the Dallas-Fort Worth area, median home sales prices were down almost 5 percent in the first quarter compared with a year earlier, the Naitonal Association of Realtors reports. Much of that decline has been attributed to distressed home sales. So there you have it, Dallas is ready for a change. The rental community will benefit, but only if the right pieces are put in place. This will result in a stronger economy, more jobs, and a higher standard of living.About the Author:

Michael Russell writes about a variety of subjects. This article discusses Dallas apartments. For more information, visit Promove.

Article Source: ArticlesBase.com - Dallas Apartments | Turning the Rental Market on its Heels