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Set aside for a moment any preconceptions you might have about Dallas. Consider it anew. Like the rest of the country, Dallas is working hard to dig itself out of a recession. It is using its vast financial arsenal, its numerous successful businesses and its vibrant teal estate market to move into the coming years with a healthy city budget. But to set aside misconceptions, you need to understand the mechanics of Dallas economy, culture and politics.The 1980s brought a tremendous real estate explosion. As the population prospered, and as more wealthy people moved to the area, Dallas real estate skyrocketed; prices increased and hundreds of spacious homes were built.Money was plentiful. Businesses and other organizations recognized that Dallas was a good place to work. Many large corporations settled there, and today the city is still home to dozens of fortune five hundred companies. It also a current hotbed for technology, housing many of the countrys top technological companies and software suppliers, many of which work from the Telecom Corridor, an area north of downtown with over 5,700 companies.So much economic force influences the citys culture. Fine restaurants, eclectic entertainment choices, and numerous sports teams call Dallas home. In todays real estate market, with the economic forecast grim, homes are largely being sold in a buyers market. Over production and stagnant sales have forced realtors and sellers to lower prices, allowing potential buyers to attain property for attractive rates, a circumstance that might ultimately wind up serving the economy well. If a potential buyer has capital, job security and good credit, Dallas is remains an enticing city with plenty to offer.
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