Dallas Diversity Keeps Real Estate Strong

Dallas Texas, the third-largest city in the statesectors.
and the ninth largest in the United States. The cityRight now downtown Dallas real estate is a great
is known worldwide as a center for banking,investment for those looking to buy a home or
transportation telecommunications, and computersecure an investment property. The current
technology. Covering almost 400 square miles, thebuyer's market has created the perfect conditions
city has a population of approximately 1.2 million.for those looking to purchase homes or condos in
Real estate in the city is considered affordablea number of the Dallas housing communities. Due
and has continued to make slow but steady gainsto a surplus in inventory and the current loan
in the majority of the city. Dallas has beenobstacles, builders in downtown Dallas are offering
selected as the number one place to find jobs andsome of the best incentives seen in years.
buy homes in the country.A number of areas are offering great deals on
The stability of the local economy is most likelystate of the art high-rise living, three story town
due to its diversity. The city is home to a widehouses with rooftop balconies, modern all inclusive
range of industries including, technology,community condos, and urban lofts. Uptown Dallas
transportation, aviation, oil and gas and Dallasis proving to be the perfect choice for those
provides incentives to startup and relocatinglooking for the New York Soho style of living. The
companies which makes for a favorable businessurban districts in downtown as well as uptown
environment where they can flourish and prosper.Dallas have continued to grow and prosper even
This provides a flourishing job market which inthrough the current market downturn has
turn is bringing employees who want to live inweighed heavily on much of the nation.
Dallas and purchase one of the area's veryLike Fort Worth, Dallas never experienced the
affordable homes.housing bubble that plagued other parts of the
When examining the numbers on housingcountry. The negative national news on home
affordability, Dallas ranked as one of the twoprices does not really apply to the Dallas real
most affordable cities when it comes to housingestate market. With supply at realistic levels in
and according to the Dallas Business Journal themost areas and plenty of opportunities for buyers
housing market in Dallas is the strongest of anywith low cost mortgage money and priced to
major city in the United States. Despite the bigmove properties from sellers, now might be a
city feel of Dallas, the relatively low cost of livinggreat time to consider buying that dream home
is what helps to keep housing prices within reach.or investment property in Dallas.
Increasing interest rates have made affordability aSummary: Despite the current lag in the housing
primary issue for home consumers With a medianmarket, Dallas, Texas continues to flourish and
price of $151,450 for a newly built home with anreal estate still looks to be a good investment.
average square feet of 2,341, many Dallas-FortThis all may be due to the favorable environment
Worth homes provide consumers with athat Dallas provides to relocating and startup
combination of space and affordability that isbusinesses.
difficult to find in other real estate market