Arlington Foreclosures: Time to Buy?

Voted as the one of the Best Places to Live by Money Magazine in both 2006 and 2008 is Arlington, TX.  Arlington has many highlights such as a close knit community, activities, crime rate, the weather and, of course, median priced homes. Likely the reason why it is having an increase during these tough economical times that have hit the real estate market so hard.

While a decrease in home sales was relevant in 2008 the market has been steadily increasing and currently above that of last year in sales. Like many other areas in Dallas, many foreclosures went on the  market. While this has been a growing concern the market is turning around and has 2010 has an all time high over 2008 and 2009.   

With thousands of foreclosures placed on the market in Arlington, what effect has it had?  Hardship on many and a lull in the real estate market, however, in 2010 an improvement has been seen with an all time high of homes sold compared to 2008 and 2009.  Many first time home buyers and investors are taking advantage of the reduced prices on the market.

Is this a good time to buy?  Definitely.  The coming prediction is that the market will continue to rise slowly.  Prices will gradually increase and homes will be taken off the market. Just as the present trend is showing.  For first time buyers with young families this is especially a good time to invest.  Arlington is a community, which is holding its own during these ever changing economical times.