Why Dallas Real Estate Continues to be a Sound Investment
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Posted On :
Jan-13-2010
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Article Word Count :
556
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It may be advisable to forget what you’ve heard about the national real estate market because the Dallas real estate market is a whole different ball game.
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It may be advisable to forget what you’ve heard about the national real estate market because the Dallas real estate market is a whole different ball game.
There are many reasons why this Texan city continues to impress. From its outstanding workforce and pro-business climate to its excellent school system and year-round warm temperatures, Dallas is a force to be reckoned with. In fact, there are few cities throughout the United States that can compare to Dallas, particularly when it comes to real estate values.
Unlike many of the other larger markets in the United States, like Miami and Los Angeles, Dallas never dealt with the housing bubble. Other areas of the country were experiencing double-digit home values gains, while Dallas real estate, although it continued to gain in value, never shot up like other markets.
Those “housing bubble” markets were the hottest things going up until last year when the real estate market bottom fell out and home values plummeted, along with many people’s investment and life savings.
The Dallas real estate market, on the other hand, because it never experienced the bubble effect, was spared from the subsequent housing bust. Was the local market spared from the collapse of the national housing market? Of course not! Is the Dallas market, however, in a much better position than other large markets across the United States? You bet.
Let’s take a look at just some of the other reasons why the Dallas real estate market has continued to come out ahead:
• Dallas continues to grow substantially; in fact, it remains one of the fastest growing cities in the United States, in terms of job growth. Even as other cities lose numbers in population, this Texan city continues to not only grow, but grow by double digits each year.
• Dallas has an excellent transportation system. Large, efficient highways run throughout this large city, thereby making the process of traveling throughout the city both effective and efficient. Some of the major highways include Interstate 20, Interstate 35, Interstate 30 and Interstate 45.
• The efficient rapid transit system in Dallas, which includes both rail and light rail services, also offers transportation options for residents. Because of the sheer size of this metropolis, the rapid transit system plays an important role with minimizing traffic congestion and pollution.
• Dallas includes two major airports, including the Dallas Love Airport and the Dallas/Fort Worth International Airport. As a result of these airports, and its strategic location in the southern United States, this Texan city remains a popular spot for many businesses, conferences and trade shows.
• The Dallas Independent School District offers many programs and opportunities for students. Many of the school systems are highly acclaimed for their academics.
• The technology, defense, financial, information technology and life science industries continue to bring many job opportunities to the region.
• Dallas continues to remain a highly regarded business center in the nation. There are currently 19 Fortune 500 companies stationed in this Texan city.
• The city boasts several, word-class medical facilities, including Parkland Memorial and the University Medical Center of Dallas.
Indeed, there is more than meets the eye in this proud Texas city, and the strong real estate market is testament to the allure of this region.
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Article Source :
http://www.articleseen.com/Article_Why Dallas Real Estate Continues to be a Sound Investment_8750.aspx
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Author Resource :
Whether you are a buyer or renter, make the right residential choices by reading VIP Realty’s informative analysis, which encompasses the Dallas real estate and Dallas condos markets.
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Keywords :
Dallas real estate, Dallas condos,
Category :
Finance
:
Real Estate
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