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The Boom of Downtown Dallas, Texas

Dallas First-Time Homebuyers

If you haven’t visited Downtown Dallas, Texas lately, you wouldn’t even recognize the place! An estimated $2.3 billion invested in its growth and redevelopment since 2002 has restructured the famous city, joining surrounding suburban areas to the core. Dallas is on the verge of becoming the next New York City or Chicago: with the recent additions of the Margaret Hunt Hill Bridge and the Perot Museum this city is simply booming!

Located at the heart of the city, the opening of Klyde Warren Park also drastically impacted the downtown Dallas area. Serving as a central gathering space, the 5.2 acre deck park is an urban green space that is built over the Woodall Rogers Freeway. It has become a place of much activity, offering daily free programming for the general public, including yoga, live music venues, book signings, live concerts and plays and movies in the park.

The addition of Belo Garden and City Performance Hall within the Arts District were also added to this Texas City’s rapidly growing assortment of urban appeal. Day and night are literally alive as bicyclists, joggers, food trucks and street life can be found in any park in Dallas. And that’s not just in Klyde Warren Park; Main Street Garden is another famous destination that every resident of Texas has heard of! This is a community gather place for Dallas residents, employees and visitors, equipped with an amazing lawn, fountains, dog run, Wi-Fi, a café and several public art installations! Many special events are held there annually, including the popular Christmas lights show and tree hosted by the city of Dallas. This display of fireworks and the visiting of Santa Claus have made this Main Street Garden event a Dallas favorite for years!

Perhaps you’ve heard of the famous Homegrown Festival that is also held in Main Street Garden annually? This event literally fills the streets of downtown Dallas with thousands of tourists each year and showcases some of the best musical talent in the industry! The Homegrown Festival features fifteen acts from bands with Texas roots and literally feels like a backyard party even though it’s located in the middle of the city! There’s simply nothing better than getting to be a part of this family-friendly event that beautifully details a Texas-style setting sun going down over the Dallas skyline when the nighttime shows begin.

These factors have made the Dallas real estate market boom with activity after a couple decades of decline in the Texas real estate market. The headlines of local newspapers are the proof that Dallas real estate is at an all-time peak and there’s never been a better time to own a piece of Texas real estate than ever before!

To top off the appeal to living in downtown Dallas, the Texas city recently ranked #1 on the Forbes list for the “Best Cities for Good Jobs” and #3 on the “America’s Fastest Growing Cities” list. The overall expected five-year job growth is estimated at a 2.6% increase per year. The prosperous and growing professional and financial sectors of businesses in Dallas include Bank of America and the numerous law and accounting firms located in the city. The energy industry is also booming, offering extremely high paying jobs.

The University of Dallas was also identified as one of America’s best in U.S. News & World Report’s 2014 Best Colleges rankings. Eleven of the school districts within Dallas have received gold, silver or bronze medals in the U.S. News Best High Schools rankings.
Simply put, there’s no better time to invest in a Texas future and tap into the Dallas real estate market than right now! With a steady economic environment, tons of local attractions in the downtown and surrounding areas, a stable education system and a boom in the jobs sector, investing in a piece of Dallas real estate can offer you and your family long-term benefits.

Dallas is a great place to put down roots, engage in a ton of family-friendly activities and join the other estimated 1.241 residents of this amazing city in living the American dream in a larger than life Texas-sized way!  Call us today to start your home search!

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