The U.S. Census Bureau estimates that the Dallas-Fort Worth area was the fastest growing metro area in the country over the past 10 years. This exceptional growth added 1.3 million people, thereby increasing the population of the Dallas-Fort Worth area by 25 percent since 2000. Because of this explosion in growth, this area of Texas now stands as the nation s fourth largest metro area.

The interesting thing about the growth of the Dallas and Fort Worth real estate market is that people are coming from nearly every corner of the country to reside here. Regardless of where you look – East Coast, West Coast, Florida – people are coming to experience this area and enjoy its countless opportunities.

It s no wonder that people are moving there in droves, either. During the height of the real estate boom, when places like Miami were experiencing a 180 percent hike in their property values (yep, I said 180 percent), Fort Worth real estate grew by just 26 percent. As a result, as Miami values plummet into oblivion, the Fort Worth real estate market has leveled off and has even shown signs of modest growth.

A modest home in Dallas can be purchased now for about $180,000. Dallas certainly does have its pricier neighborhoods in Park Cities or Preston Hollow, if that s your desire. But the majority of homes are still priced very affordable, when considering national standards.

Another booming area is the downtown resident. More than 130,000 people work downtown, and now more than 30,000 people live there. That number, however, is expected to double in the upcoming years. Nearly 85 percent of downtown Dallas residents lease their homes, while 15 percent own condos. The market has always been attractive to businesses and employees alike, thanks to a pro-business climate and plenty of tax breaks.

Perhaps the best sign of growth is the home starts. In fact, home starts grew by more than 50 percent when compared to the first six months of 2009. In addition, the number of new homes sold is growing for the first time in more than four years, according to Metrostudy, Inc. The second quarter of 2010 is the second time in a row that homes starts rose significantly. Both the homebuyer tax credit and reduced inventory (thanks to the population growth) fueled the need for new homes.

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