Inside the booming real-estate market in Dallas

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Inside Dallas' booming real estate market, where West and East Coast transplants are bidding furiously over homes and paying all cash (by MeiraGebel)

And the city's housing market during the pandemic is a reflection of that buzz.

But realtors told Insider it's more likely a house will sell within 24 hours or less after going on the market because demand is so high. , Prins said. Even those who may have never owned a home before were driven to purchase one, while sellers were motivated to put their homes on the market in hopes of high offers.

Money goes a lot further in Dallas than other places, too. For example, the price per square foot in San Francisco is $957, whereas in Dallas it's $185,, a real estate brokerage firm. Someone paying $5,000 a month to live on the West Coast will be surprised at how much that kind of money can stretch in Dallas.

 

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