Dallas real estate has been experiencing a period of growth, characterized by increasing home prices and a competitive market for buyers. The demand remains strong due to Dallas's robust job market, economic diversity, and influx of new residents. Inventory can be tight, leading to bidding wars on desirable properties. It's advisable for buyers to be pre-approved and ready to act quickly when they find a suitable property.

Property taxes in Dallas are relatively high compared to the national average, which is typical for Texas, as the state does not have an income tax. The property tax rate varies by county and municipality. For Dallas County, the average effective property tax rate is around 2.0% of the property’s assessed value. This rate is used to fund public resources such as schools, roads, and public services.

Yes, Dallas offers several programs to assist first-time homebuyers. The Dallas Homebuyer Assistance Program (DHAP) offers financial assistance for down payment and closing costs to eligible buyers. The amount of assistance is based on the buyer's income and the property price. Additionally, there are state programs such as the Texas State Affordable Housing Corporation (TSAHC) which provides loans and down payment assistance to first-time homebuyers throughout Texas.

Families often look for neighborhoods with good schools, community amenities, and family-friendly environments. Some of the best neighborhoods for families in Dallas include: Preston Hollow, Lakewood, and Bluffview.

When buying an investment property in Dallas, consider the property's location, potential for appreciation, and the current rental market conditions. Look for areas with strong rental demand, such as near universities, major employers, or downtown Dallas. Assess the local amenities, crime rates, and future development plans as these factors can influence tenant attraction and property values. Additionally, ensure your investment aligns with your financial goals, whether you're seeking immediate rental income or long-term capital growth.