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Purchase in Texas
A Simple Guide To Buying Property In FranceBuying a property in France is never an easy undertaking especially to those who are first time buyers. Lots of things have to be considered before arriving at a concrete decision as to what ... The state of Texas seems to have its own reputation that's developed over the past few decades. When the primetime soap opera "Dallas" emerged in the 1980s, it seemed as if everyone suddenly became enamored with anything and everything about the Lone Star State. Big cars, big homes, big land, and big hats became all the rage.
Of course, the old standby's of cattle, railroads, and oil are still thought of when people think of Texas. And with good reason - oil and cattle especially are still the mainstays of the Texas economy. America is a beef-eating country, and most of that beef comes from cattle in the southwest states of Texas and Oklahoma. Additionally, because so many foreign countries are adopting the American lifestyle, there is more and more demand for beef every year.
Oil of course is no different. The automotive industry may have taken some economic hits in past years, but not necessarily because people are buying fewer cars. The world's demand for crude oil will always keep Texans busy.
However, this stereotype of Texans owning ranches and wearing Stetson hats is greatly misplaced. While these two industries may be the backbone of the state's economy, they certainly are not it's only economic mainstay. Many cities in Texas are known for their growth in aviation, logistics, defense, and technology.
What To Do When Your Home Isn't SellingWhen you sell your home, the process is almost like going to a job interview. Selling a home involves presentation, which is one of the key factors that determine the outcome. Although this may sound a bit ... Dallas - the City, Not the Soap
Dallas is the second largest city in the state of Texas and the ninth largest in the United States. Its population is estimated at 1.2 million in 2006.
Essential Tips On Buying PropertyBuying property is the biggest financial commitment of our lives. With inventory diminishing daily and multiple offers being extremely common, it is of great ... The city has always figured prominently in American history. As many know, the American settlers had to fight many wars with Mexico before territories were officially established. In the 1930's, oil was discovered in and around the city, causing it to suddenly explode on the world's oil scene, hand-in-hand with the automotive industry. In the 1970's and 1980's, Dallas became incredibly built up, the city's skyline rivaling that of New York's.
The climate of the city is typically warm and humid, considered sub-tropic. This part of Texas also tends to receive warm, dry winds from the north and west in the summer. Winters are generally mild; snowfall is seen on average 5 days out of the year and snow accumulation is seen 3 days out of the year. For anyone who doesn't enjoy the cold, dry air of winter, the city of Dallas can be a welcome respite.
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For sports enthusiasts, Dallas offers a little bit of everything. The city is of course best known for being home to the multiple Super Bowl winning Cowboys; nearby Arlington is home to the Texas Rangers baseball team. The Dallas Mavericks are a strong part of the National Basketball Association.
What Kind Of Home Will A Million Dollars Get You?Ah, to be a millionaire. It's been almost every kid's dream - how many little boys (and maybe even little girls!) haven't fantasized about being not just Batman, but his alter ego, Bruce Wayne, the filthy rich ... Business and Economics of the Area
In the 1980's , the Savings and Loan crisis crippled Dallas' economy, however, they have bounced back considerably, mostly due to expansion in technology. Areas in and around Dallas are called Silicon Prairie, comparable to California's Silicon Valley, because of the influx of technology. Along it's "Telecom Corridor," there are more than 5,700 companies that specialize in telecommunications, including Texas Instruments, Alcatel Lucent, AT&T, Ericsson, Fujitsu, MCI, Nokia, Rockwell, Sprint, and Verizon, as well as the national offices of CompUSA and Canadian Nortel.
Texas Instruments also employs over 10,000 people at its corporate headquarters and chip plants in Dallas and neighboring cities.
Other companies headquartered in Dallas and surrounding areas include ExxonMobil, the largest company in the world (by revenue), 7-Eleven, Brinker International, id Software, Blockbuster, ENSCO Offshore Drilling, Kimberly-Clark, Energy Future Holdings Corporation, Mary Kay Cosmetics, Southwest Airlines, CompUSA, Texas Instruments, Fluor, Zales and Comerica Bank. Corporate headquarters in the northern suburb of Plano include EDS, Frito Lay, Dr Pepper, and JCPenney.
To demonstrate how much expendable income is in the area of Dallas and neighboring cities, keep in mind that this area has more shopping centers per capita than any other United States city, and is also home to the second largest shopping center in the United States, Highland Park Village, which opened in 1931.
The city itself is also home to 12 billionaires, placing it 9th worldwide among cities with the most billionaires. When combined with the 8 billionaires who live in Dallas' neighboring city of Fort Worth, the Dallas-Fort Worth Metroplex has one of the greatest concentrations of billionaires in the world.
Properties in the Area
Luxury property abounds in Dallas and neighboring cities, and these high-end homes sell well, a testament to the desirability of the city.
For example, with almost 15,000 square feet of living space, a University Park mansion's asking price equals the cost of 90 average North Texas homes. The $18.5 million house near Lovers Lane is the most expensive pre-owned home on the market in the Dallas area, according to the Internet sales site Realtor.com. And if recent trends continue, it has a better chance of selling than moderately priced houses in the area.
Purchases of million-dollar homes were up 25 percent at midyear. While the number of million-dollar plus home sales in the Dallas-Fort Worth area has tripled in the last five years, the inventory of these houses on the market is also higher. At the end of June, 2007, 1,332 million-dollar houses were up for sale - about 35 percent more than a year earlier, according to the North Texas Real Estate Information System. Even so, that's only about a 16-month supply.
Termite Damage And Real EstateTermite damage, no matter how small it may be, is never good for a home. During a real estate inspection, if any termite damage is found, it will affect the ... Whatever type of home you're dreaming about, Texas can no doubt supply it. Erase the thought in your mind of a sprawling ranch with your initials on iron gates; if you want a trendy high-rise condo with a great view of an amazing cityscape, you can definitely find it in the Dallas area. And whatever your industry - technology, aviation, engineering - you're sure to find your field alive and well in the area.
There's an old saying, "Don't mess with Texas," and of course this may be applicable on many aspects. Texans are fiercely loyal to their state and their culture, and by now you probably see why. No longer just a wide open space of cows, steers, and oil drills, Texas is a beautiful hotspot of fine and luxurious living for anyone.
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