Dallas, Texas Real Estate Investment Information
One of the nation’s most ethnically diverse cities, Dallas, Texas is growing rapidly, becoming a prime spot for real estate investment. The ninth largest city in the nation and the second largest in the state by population, the Texas city boasts a wide range of cultural and leisure activities. Dallas has the largest urban arts district in the nation, an asset that complements the stunning historic architecture and museums found throughout the city. The Dallas Majestic Theater is one of these cultural landmarks that has hosted major comedy and other performance acts since vaudeville. The Dallas Museum of Art—currently hosting a Van Gogh exhibit—is another essential cultural spot for anyone visiting Dallas.
A veritable Mecca for creativity, Dallas is the site of the first 7-11, the first drive-up bank window, and the first frozen margarita. Hailing from Dallas are such American icons as Lance Armstrong, Meat Loaf, Dennis Rodman, Sharon Tate, and Tex Watson.
The city is also home to the Dallas Cowboys, the NFL record holders for the most consecutive winning seasons. Other professional sports teams include the Texas Rangers, the Dallas Mavericks, and the Dallas Stars—the NHL team that have had much more success in the warm climate after their move from Minneapolis.
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The site of the 1936 Texas Centennial Exposition, Fair Park – a designated a National Historic Landmark in 1986—is another remarkable Dallas landmark. Fair Park still features many of the buildings constructed for the Expositions, which, at the time, represented the cutting edge of architectural technology with a Southwestern ambiance. Currently, the park still hosts state fairs and is one of the largest year-round entertainment facilities of the western United States. In addition to mere local history, Dallas also features museums and cultural centers devoted to African American and Latino history. Other attractions include the Dallas Opera, Dallas Symphony Orchestra, a zoo, and a Six Flags amusement park.
With all the opportunites offered in the area (including 26 colleges and universities), people are responding by buying homes in the Dallas area. From 1990 to 2000 the population increased by over 18%. And average property values within city limits are significantly higher than those in the rest of the state. Also adding to the attractiveness of Dallas living is the recent property tax cut. For the first time in eight years, the city has lowered the property tax rate, cutting it significantly by 1.25 cents. A moderately priced area, Dallas citizens also benefit from the state and local policy of no income tax.
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