People are moving into Dallas from all over the U.S. Fortune Magazine's predictions for 2007 name Texas as the nexus of real estate opportunities for this year. As of 2006 1st Qtr, Dallas was undervalued by 18.9% and Ft. Worth by 18.5%. According to CNN Money, Dallas and Fort Worth are the #2 and #3 most UNDERVALUED markets in the country (College Station, TX, was considered the most undervalued at 23.7%)
The Texas housing market, however, continues to fly high. The state's population has soared by two million so far this decade. Home inventory remains low, and prices continue to appreciate. Dallas is the ninth-largest city in the United States, covering almost 400 square miles, with a population of about 1.2 million.
Dallas is recognized around the world as a center of telecommunications, computer technology, banking and transportation. Because more than 5,700 telecom companies have headquarters or regional offices in Dallas, it is sometimes called the "Silicon Prairie". It is also a popular place for higher education, with thousands of students attending dozens of colleges in the area adding to the rental demand.
Dallas is the top visitor destination in Texas, with good reason. It hosts diverse culinary offerings, a thriving arts community, countless luxury accommodations, professional sports, modern entertainment districts and infinite shopping opportunities.
The Dallas-Fort Worth market combines a low cost of living, high standard of life, and hundreds of thousands of people migrating here every year to realize both.
