While by and large the country has been besieged by the effects of the economic downturn, Texas real estate has done remarkably well. This should not come as any surprise from a state that has endured practically every kind of adversity possible from wars to natural disasters during its illustrious history.
Texas learned it's lessons from the energy crisis of the early 1980's and has had much tougher mortgage regulation as part of those times. One of the benefits passed on to its citizens today is significantly less foreclosure activity.
There are so many exciting and promising prospects for businesses and families that plan to relocate to Texas, especially in the bustling Dallas-Fort Worth area. This area is one of the largest metropolitan areas in the United States and continues to provide a stable and prosperous economy for its citizens and companies. The strong regional economies play a large part in the ability of Texas real estate to remain so resilient during these trying economical times. The Dallas-Fort Worth Area is a national leader in energy and health care opportunities specifically.
Future and present Texas residents are pleased to find a large variety of home styles among the sizeable inventory of real estate available. There are many choices for first-time homebuyers and small families just getting started out regardless of their financial resources. There are many lovely homes starting in the $100-200k range that come equipped with all of the high quality and modern appointments Texas real estate is known for. One example of this is a gorgeous 3,572 square foot 4-bedroom 2.5-bath home located in Irving, Texas that is a steal at $150k. Another impressive example of the great deals available for around $200k is a sprawling 5-story 2,755 square foot 5-bedroom 3.5-bath dream home with a 2-car garage, in-ground swimming pool with attached spa and a fenced yard located in McKinney, Texas. It's easy to see why families are attracted to these great communities, there are not many places in America where you can get this much bang for your buck!
For house hunters with a higher budget, there are plenty of opportunities to find your dream home! You will just love the grand 5-bedroom 4+ bath 4,909 square foot Colleyville, Texas pool home for sale at a mere $500k. The quality and beauty of this home speaks for itself. Moving up the scale, there are also a large inventory of homes and mansions priced in the millions. Just take a look at one of the breathtaking estates in Arlington, Texas. This stately 3-level Italian Villa nestled on 11 wooded acres in Arlington is truly magical! It is priced just under $10m and boasts almost 9,500 square feet of living space. It also has 5 massive bedrooms 8-baths, a guest house, 2 guest lodges, a gym building, kennels, a pool with cabana, a guard house and believe it or not, a 9-hole golf course with an 18-hole putting green. Wow! If this home was located in California or New York, you would have a hard time finding it for less than double the cost. This just goes to show that even home buyers looking for the highest caliber of homes receive tremendous value in Texas.
According to a 2008 article on CNNMoney.com, “More people moved to Dallas-Fort Worth, Texas, than to any other metropolitan area in the United States last year”. It is no wonder Americans from all over the country continue to flock to these fast-growing Texas communities. The job market is strong, the housing market is stable and everything you could ever need can be found in this spectacular area. Although hiring has slowed marginally since the record numbers in 2007 and 2008, career seekers will find favorable numbers of new jobs still available at some of the most prestigious companies in the area.
Texas continues to prove its value and worth against substantial odds. Jobs, homes, schools and opportunities are plentiful. That's one of the reasons businesses and families from all over the nation are taking up residence in the Lone Star state. The state even has its own energy grid. Now that is independence at its best.
Written By Tom Brewer who writes at blog.tombrewerjr.com
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