What’s the GOOD News for August?

Good News1

Green Energy gains “power” in North Texas! In July 2017, the Environmental Protection Agency recognized the cities of Houston, Dallas, and Austin for being among the largest green-power users among local governments across the nation.  Austin is also GreenEnergy2the largest city in the country to have 100% of all city-owned buildings and facilities powered by renewable energy resources.  And now JP Morgan Chase announced this month that in Texas, 75% of JPMorgan Chase’s facilities will run on wind energy by the end of this year. That covers 584 branches and 8 million square feet, including a new 1.2 million-square-foot Plano campus. This announcement is in addition to the General Motors assembly plant in Arlington which will be the first facility of its kind powered entirely by wind energy by year end 2018.  Facebook’s new data center in Fort Worth is also powered by a wind farm about 90 miles away.  And 7-Eleven announced in April 2017 that it would buy wind energy for 425 Texas stores in the state’s competitive energy markets.  IKEA also has rooftop solar on 90% of its US locations, including the newest Grand Prairie location.  The new headquarters of Toyota will be partially powered by the sun, with an estimated 25% of the building’s energy needs supplied by onsite solar panels. Green energy is gaining “power” in North Texas.

Facebook2Facebook Data Center Opens in Fort Worth. The first of what will be five Fort Worth Facebook data centers officially came online in May 2017, while the rest of the $1 billion construction project continues around it. That means Facebook apps and services are now being brought to users, regionally first and to a lesser extent worldwide, from tens of thousands of servers housed off Texas 170 in the Alliance Texas development.  When completed, the Fort Worth site will be Facebook’s largest data center to date, four buildings connected to form two “H” shapes, plus one standalone center, for a total of 20 data halls on nearly 150 acres. The Fort Worth site is Facebook’s fifth data center site in the U.S., with projects under construction in New Mexico and Nebraska as well.

OpTic2Professional eSports Team OpTic Gaming relocates to Dallas. OpTic Gaming (AKA The Green Wall) is a professional eSports team, and it plans to relocate from Chicago, Illinois to Dallas, Texas in the next few months.  The organization has had a “team house” in the Chicago suburbs since 2013, when its Call of Duty: Black Ops II team moved in together. Several professional players and content creators have moved in since.  OpTic is one of the biggest and most well-known brands in eSports, evidenced by its 1.4 million subscribers on YouTube. The organization has a huge following in Texas alone, with viewers in the state having watched roughly 7.6 million minutes of videos on OpTic’s YouTube channel this year alone, …that translates to a total watch time of 14 years.  Currently competing in Call of Duty, Counter-Strike, Gears of War, and Halo, OpTic has taken home numerous championships throughout its history.

Rental2Rental Home Company, Invitation Homes, just got larger! Two of the nation’s biggest rental home companies are combining. And one of them is in North Texas.  Dallas-based Invitation Homes — which owns more than 50,000 rental houses around the country — is buying Starwood Waypoint Homes.  Together, the firms will own more than 80,000 rental properties valued at more than $11 billion. The combined firm will be headquartered in Dallas. Invitation Homes owns nearly 50,000 houses in 13 major markets, including Atlanta, Charlotte, Chicago, Jacksonville, Las Vegas, Minneapolis, Northern California, Orlando, Phoenix, Seattle, Southern California and South Florida.  Starwood Waypoint Homes, based in Arizona, is one of the largest publicly traded owners and operators of single-family rental homes in the country.

NorthTexas2North Texas Realtors on track to beat previous sales record! North Texas’ housing market headed into the second half of 2017 with a double-digit sales gain. Area real estate agents sold 10,545 preowned single-family homes in July — up 11% from a year earlier.

July had the second highest home sales total ever in North Texas following the record 10,962 housed that traded in June, according to data from the Real Estate Center at Texas A&M University and the North Texas Real Estate Information Systems. Through the first seven months of 2017, a record 61,616 houses have sold.  If the pace of property purchases continued, North Texas will beat the all-time high of more than 100,000 homes sold in 2016.

Information provided by Keller Williams Dallas Metro North. Call us today – we have over 400 qualified agents ready to assist you with your real estate needs!

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