Great press will continue to attract new jobs! On May 22, 2015, MarketWatch released their rankings of the “Most Business Friendly Cities in the Country.” MarketWatch scored the nation’s 100 largest metro areas — all with a population of more than 500,000 — on multiple metrics. The DFW area ranked as the #1 most business friendly city. The Dallas-area landed ahead of San Francisco, Seattle, Des Moines and Raleigh which rounded out the top 5. MarketWatch ranked the cities on a combination score that factors in 23 factors including business climate, company performance, number of patents granted, transportation routes and economic outcome.
In early May, CEO Magazine’s 11th annual survey of the “Best States to do Business” was released and Texas topped the rankings for the 11th year in a row. In the rankings, Texas was ahead of Florida, North Carolina, Tennessee and Georgia which rounded out the Top 5. California was once again the worst state for a second year. The rankings takes into account state GDP, unemployment, domestic migration, state government and state-local tax burden.
Argyle ISD is building its first new school campus since 2005. They expect to open a new middle school for 6th,7th and 8th graders in August 2016, in the 6600 block of Canyon Falls Drive in Flower Mound’s Canyon Falls development. This will be a two level school built on a 107.5 acre site.
Located on the southeast corner of Chinn Chapel and FM 407 in Flower Mound, construction on the Highlands Plaza shopping center addition is moving along. Crews are working on the building facades and the patio overlooking the water feature in the rear is almost complete. Gloria’s Latin Cuisine is also one step closer to opening its doors after an application of permit filed May 15. The Table, Snap Kitchen, and Pie Five Pizza are a few of the other restaurants slated for inclusion in the development.
El Pollo Loco will be opening 7 locations in North Texas in 2016. Based in Costa Mesa, California, El Pollo operates roughly 400 locations in five states, including 15 in Texas. El Pollo Loco fast food restaurant creates flame-grilled, citrus-marinated chicken cooked in front of customers. The chicken is served whole or shredded into dishes such as burritos, quesadillas and tacos. For the health-conscious, there’s an Under 500 Calories menu, which includes salads, bowls, tostadas and quesadillas.
The National Association of Realtors reports that 40% of previously-owned homes sold went at or above the asking price for the month of April 2015. That’s up from the 1/3 of all U.S. properties sold in March that went at or above asking price. While inventory remains tight, home sales have now increased on a year-over-year basis for seven straight months. NAR also reports that in April 2015, the share of homes purchased for all-cash was 24%, down from 32% one year ago. Individual investors accounted for about 14% of home sales in April 2015, down from 18% in April 2014.
North Texas home prices jumped by 14% in May – one of the largest year-over-year gains ever for the area. Home sales were up 6% from May 2014 with 9,484 properties sold. National surveys show that the Dallas-Fort Worth area is seeing the largest annual home price gains in the country. More homes sold and at higher prices = Good News.