Agent News

What’s the Good News for November?

Good News1

eSports Facility coming to Frisco. Dallas Cowboys owner Jerry Jones has teamed with Fort Worth-based real estate investor John Goff to get into the $700 million global eSports industry.

Esports5Jones & Goff acquired a majority of CompLexity Gaming, an eSports organization that has been based in Houston since 2007.  The CompLexity Gaming organization, its management and its Counter-Strike: Global Offensive and DoTA 2 teams will relocate to the DFW area and will have offices at The Star in Frisco.  The group intends to build an eSports facility at The Star, which is the current office location of the Dallas Cowboys, in the future.

The Cowboys will also participate in the Madden NFL Club Championship events in the coming months, which will be the first time all teams from a professional sports league take part in an eSports event. Other NFL owners such as Robert Kraft and Stan Kroenke have purchased slots in the Overwatch League, but the Jones family joins a short list of NFL owners to invest or acquire an existing team in the space.

Forbes recently estimated there are about 148 million eSports players worldwide.

Logistics1International Logistics Center breaks ground on a new industrial park on the south side of DFW International Airport. Located near the intersection of State Highway 360 and U.S. Highway 183, the 40-acre business park will include 3 buildings totaling more than 640,000 square feet of warehouse space. The development can accommodate tenant sizes of 20,000 to 320,000 square feet.

North Texas has added millions of square feet of new distribution and e-commerce space to the region in recent years. In the first quarter of 2017, North Texas developers leased nearly 6.5 million square feet of space — ranking the region as the No. 2 industrial market in the United States.  E-commerce accounts for about 12% percent of industrial leasing activity nationwide, and an additional estimated 30% of indirect leasing through closely tied logistics, distribution and support businesses.

Pecan2Pecan Square Development moves forward in Northlake. Hillwood officials announced their purchase of 1,157 acres near the southwest corner of I35W and FM 407 in Northlake, about 6 miles north of Texas Motor Speedway.  This is the beginning of a $1.5 billion development that will be known as Pecan Square.

The residential community will eventually include 3,000 newly built homes, with prices expected to range from $270,000 to $500,000 or more.  A mix of commercial retail, educational and residential uses will be featured in Pecan Square, which gets its name from the 200 pecan trees on the property that will be preserved. The initial phase will include 609 single-family homes, and homes from 8 builders should be on the market by summer 2019.  The developer donated land for an elementary school and sold Northwest ISD the land for a middle school, high school and football stadium so that families will be able to attend K – 12 within Pecan Square.  They estimate that the full buildout of Pecan Square will take 10 to 12 years.

Nissan1Nissan partners with Sundance Square. The one acre Sundance Square Plaza in downtown Fort Worth, which includes a stage and a pavilion, has become a gathering place with regularly scheduled concerts and events.   To help pay for its free programs — and to bring in even more events and more widely recognized acts — Sundance Square has signed a one-year sponsorship deal with Nissan USA that lets the automaker display its vehicles, put up signage and be included in advertising for the plaza.   Nissan states that the sponsorship was an obvious decision for them since Texas is home to 70+ Nissan dealerships and 7,000+ Nissan employees.

Rangers1Arlington Breaks Ground on mega-entertainment complex. Arlington’s new $1.1 billion ballpark is officially under construction! The new home of the Texas Rangers will feature 41,000 seats and a retractable roof. However, to be ready for the 2020 season, an estimated 97,000 truckloads of dirt must first be hauled away!

Additionally, ground has been broken on the new $150 million Live! by Loews-Arlington hotel. It will be built adjacent to the Texas Live! entertainment complex and near the Rangers new ballpark.  The resort hotel, the first Loews Property developed in Texas in 30 years, is scheduled to welcome its first guests in 2019.  The 14-story, 302-room hotel will include an infinity-edge pool, and an event lawn for special events. There will also be a covered outdoor bar called Tower Terrace that will have views of the nearby stadiums and Arlington’s entertainment district.

Arlington Mayor Jeff Williams called Texas Live! the largest entertainment complex outside of Las Vegas.  Alex Tisch, executive vice president of Loews Corporation, said it would be “the biggest destination outside of Orlando.”

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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Boost from Buyers – Confidence in Housing Up

FannieMaeLogoConfidence in housing again met an all-time high in September according to Fannie Mae, propelled by optimism from buyers. Recently polled renters are also helping drive this trend, with the Home Purchase Sentiment Index® (HPSI) posting 88.3 in September, 0.3 percentage points higher than the month prior.

“The biggest driver for the increase in the HPSI is the rebound in the good time to buy sentiment, which outweighed the largest drag: a sizable reduction in the net share of consumers expecting home prices to rise over the next year,” says Doug Duncan, chief economist and senior vice president at Fannie Mae. “Details in the survey showed a meaningful pickup in the good time to buy component, especially from the renter respondents. Additionally, perceptions of easing inventory helped boost the net share saying that now is a good time to buy, which is consistent with less bullish home Realtor 01price appreciation sentiment during the month. Overall, we believe that the devastating impacts of the hurricanes will likely weigh on home sales in coming months, posing downside risks for our forecast, which already calls for only a modest gain in home sales this year.”

The share of home buyers surveyed for the Index who believe now is a good time to buy rose 10 percentage points to 28 percent, while the share of sellers who believe now is a good time to sell rose two percentage points to 38 percent. The share of those surveyed who believe home prices will go up fell eight percentage points to 40 percent.

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

North Texas Housing Market remains strong

Keller Williams Dallas Metro North presents the September 2017 Market Reports, Courtesy of Texas Association of Realtors® (TAR) and Greater Lewisville Area Realtors® (GLAR). How is your market doing?

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Information provided by Keller Williams Dallas Metro North. Call us today to see how YOUR market is doing! We have over 400 qualified realtors eager to assist you with your real estate needs. 

KW Fundraiser Raises $4,000 for Hurricane Harvey Victims

Buone Notizie!! (Good News!!) Recently, Keller Williams Dallas Metro North hosted an Italian Feast to benefit the victims of Hurricane Harvey. Approximately $4,000 was raised at the event, which turned the conference room into an Italian Ristorante. The charming servers were none other than the KW Staff and Agent Leadership! Guests  feasted on Italian food provided by Salerno’s Italian Restaurant, Flower Mound TX. Fun times for a good cause!!

KW | Dallas Metro North outperforming NTREIS!

Keller Williams Dallas Metro North is outperforming NTREIS!! Look at our figures: We’re selling $25,552 higher per home, taking 3.2% more listings and selling them 20 days faster in June 2017. Call us today for help with your real estate needs!

LORE JULY

It’s highly beneficial to use a professional, knowledgeable, local real estate agent! Call Keller Williams Dallas Metro North today!!

Dallas, Seattle top cities for U.S. Home Price Changes

business - growth 2[reprinted] from Dallas News – by Steve Brown, Real Estate Editor, May 25, 2017

U.S. home values have risen above the peak before the last recession, according to a new report from Zillow.

Nationwide home values are 1 percent higher than they were in 2007, the real estate marketing website said in a new report.

North Texas home prices have already soared past pre recession levels.

Zillow said D-FW’s median home value in April were up 11.1 percent from a year earlier to $207,300.

That’s almost $10,000 more than the U.S. median.

Only Seattle at 11.8 percent had a greater year-over-year home price gain in April, blog 053017according to Zillow.

“Now that the typical U.S. home is worth more than ever, people may be tempted to ask if we’re in another national housing bubble,” Zillow Chief Economist Dr. Svenja Gudell said in the new report. “We aren’t in a bubble, and won’t be entering one anytime soon.

“Supply has been slow to catch up to this demand, which is causing home values to grow at a faster clip than we might otherwise expect,” she said. “Beyond that, the market’s fundamentals look largely healthy.”

North Texas home prices are now almost 50 percent higher than they were at the peak before the recession in the summer of 2017.

Median home sales prices in the region are up 13 percent for the first four months of 2017 compared with the same period last year, according to data from local real estate agents.

It’s highly beneficial to have a professional, knowledgeable, local Real Estate Agent by your side! Call Keller Williams Dallas Metro North today for all your real estate needs!