Dallas, the third largest city in Texas and the ninth overall in the United States, has a population of 1,223,889 in 2007 indicating a growth of 2.90% since 2000. Known as the 15th tallest city in the world because of its skyscrapers, Dallas is a key center for the petroleum industry, telecommunications, computer and microchip technology, banking, and transportation. The city is home to several powerful industrial and financial magnates. There are many universities, colleges and other educational institutions in and around the city. Once a hotbed of crime, the city witnessed a steep decline in criminal activities in 2005 over the two previous years. In Dallas, the best times of the year are spring and autumn.

Dallas Real Estate

Although Dallas experienced a real estate boom in the 1980s, over-speculation and the Savings and Loan crisis gave it a major blow. It has, however, bounced back in recent times and the real estate market is again showing an upward trend. Its cost of living is 16.20% lower compared to the rest of the US. In Dallas, the median home cost is $120,900 and home appreciation is 6.20% over the last year. Renters constitute 54.10% of the city’s population, while 6.63% of houses and apartments in Dallas are unoccupied.

How to buy or rent real estate in Dallas

If you plan to relocate to Dallas, you have to first buy or rent a house in the city. The size, neighborhood of the house will depend on the amount of money you are willing to spend. The more you pay, the better the house. However, buying or renting a house in Dallas is never an easy job. You are likely to face a lot of difficulties if you try to do the job on your own. It will be much more sensible if you hire an experienced real estate agent and leave the responsibility to him/her. Once you tell the agent your budget, preferred location etc. the agent will use all his/her experience and skills to clinch an attractive deal for you.

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