North Texas Businesses

What’s the GOOD News for July

Good News1July 25, 2017

Uber Freight – Uber’s going big into trucking and nowhere bigger than Texas. This spring, Uber launched Uber Freight, an app that matches truck drivers with loads of goods to pick up and deliver.  Texas, and routes between Dallas, Houston and San Antonio, served as the test ground before the app’s launch.  Texas’ large truckingUber_logo.svg business made it an obvious place to start, since about 14%  of U.S. freight comes in and out of Texas.  About 70% of Uber Freight’s loads and drivers are based in Texas.  Similar to the ride-hailing app, Uber Freight allows truck drivers to pick up extra work when they want to. They also can find a job that fills up their truck on the way home.  Nearly 10% of the nation’s truck transportation workforce lives in Texas. The Dallas-Fort Worth area has the third highest number of tractor-trailer drivers, trailing only New York and Chicago, according a recent study by Dallas consulting firm Site Selection Group, so Uber Freight will continue to be active in the North Texas trucking industry.

Flag_of_Plano,_TexasFrontgate –  On July 21st,  the choices for furniture shopping in North Texas improved with the opening of the flagship store of Frontgate in Plano’s Legacy West.   The luxury lifestyle brand already has more than 20,000 catalog customers in this area.  In total, today Frontgate sends monthly catalogs to 10 million affluent households, and its website has 25 million visitors a year.   The store has 21,337-square-feet with a covered 2,500-square-foot outdoor patio.  Inside, there’s a bistro area where customers can have a complimentary glass of wine, an espresso or a snack.   Frontgate has a another store in Atlanta similar to this north Texas store, and also has a handful of outlet stores.

 3.eia.logoElectricity Prices declining in Texas! – Shopping for electricity is becoming cheaper for most Texans, according to a new study from the Texas Coalition for Affordable Power.  About 85% of Texans can purchase electricity from several providers in a deregulated marketplace, while the remaining 15% must buy power from a single provider in their area.

The report from the Texas Coalition for Affordable Power, which advocates for cities and local governments and negotiates their power contracts, pulls information from the U.S. Energy Information Administration to compare prices for Texans in the two models. 3.electric-632731_960_720Most Texans could begin choosing their electricity provider in 2002.  Between 2006 and 2015, average residential electric prices for Texans in a competitive market decreased by 17.4%, while average prices increased by 5.5% in the regulated areas.  Overall, the average price of electricity in Texas — including the price in the deregulated marketplace, for the third time in four years — was below the national average in 2015.  A separate study from Rice University – one that looked at different and more recent data – found that in 2016, both regulated and deregulated parts of Texas had electricity prices that were decreasing year over year, and cheaper than the national average.

4.homebuildersBuilders answering the demand for lower priced homes – Dallas-Fort Worth builders started 8,812 houses in the second quarter — the greatest quarterly building total since fourth quarter 2006, housing analyst Residential Strategies Inc. reports.   Builders sold 8,244 homes in the second quarter, up almost 13% from a year earlier, scaling a new peak in quarterly sales since the summer of 2007.  Starts during the period were 12% higher from second quarter 2016 — most of the rise in home construction came for houses priced under $300,000.  With the high demand for more lower priced inventory homes, the median price of new homes started in the area fell to $344,094, down from almost $352,000 a year earlier.  Higher land and materials costs, and a shortage of labor have inflated the price tag on new houses, however with brisk demand at prices under $500,000, builders are answering the need.  The biggest increases in starts during the quarter were in Celina, Southwest Fort Worth, Forney, Wyly, the Colony and Princeton.

 5.DFW.airport.parking.termDDFW Airport parking prices not expected to rise – For the first time in five years, there are no new parking rate increases planned at Dallas/Fort Worth Airport.   The airport’s parking revenues are expected to remain flat in its next fiscal year as more customers choose to use services like Uber and Lyft instead of parking their cars at the airport. Currently, terminal parking costs $24 a day while parking at the express and remote lots costs between $10 to $15 a day.

DFW Airport receives fees from the car-for-hire services, which is becoming a larger percentage of the airport’s ground transportation revenues. The fees have grown from 6.5% in 2015 to an estimated 11.5% for 2018.

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!!

What’s The GOOD News?

Good News1

June 20, 2017

Toyota2

Toyota Plano – Starting May 15, 2017, the first wave of Toyota employees — mostly in facilities and information systems management — began working in the new 2 million square foot North American headquarters in Plano.  By December 11, 2017, about 4,000 Toyota employees will work in the 100-acre development.   The company plans to move in employees in waves of about 250, with a peak of about 350 during the summer. Construction is expected to officially end in October and the project is reported to have remained on schedule.

Forbes1Forbes 2017 Global 2000 List – The Forbes 2017 Global 2000 list of the world’s largest public companies was released in late May.  The list features public companies from 58 countries that together account for $35.3 trillion in revenue, $2.5 trillion in profit, $169.1 trillion of assets, and have a combined market value of $48.8 trillion. All four metrics are up from the 2016 ranking, with market capitalization up 10% from last year. Industrial & Commercial Bank of China and China Construction Bank are the #1 and #2 largest public companies in the world, with the top five rounded out by three American financial institutions: Berkshire Hathaway, JPMorgan Chase and Wells Fargo.

AT&T has leapfrogged Exxon Mobil in Forbes’ 2017 Global 2000 list, taking over the perch as the largest public company in Texas.  The Dallas telecom giant moved up a spot to 11th in this year’s edition of the rankings, with Exxon dropping down to 13th from 9th in 2016.  Japanese automaker Toyota Motor comes in at the 10th spot on the list. Round Forbes4Rock-based Dell Technologies Inc. landed at No. 608 overall and No. 14 in Texas on Forbes’ list.  Dell has been privately owned since a 2013 buyout led by CEO and founder Michael Dell, but it has a tracking stock listed on the New York Stock Exchange under the ticker “DVMT.”  Overall, the U.S. earns 565 of the top 2,000 spots, with China grabbing 263 and Japan taking 229.   The three countries account for more than half the list.

 DFW1DFW International Airport – More than 18 million passengers are expected to travel through Dallas Fort Worth International Airport during the 2017 summer travel period — a projected increase of 3.5% over last year.   More than 65 million customers pass through DFW Airport every year, making it one of the most frequently visited super hub airports in the world. The airlines serving the DFW offer a total of 163 domestic and 55 international nonstop destinations worldwide, including new DFW2nonstop routes to Rome and Amsterdam.  DFW Airport plans to spend $400 million on infrastructure, including an August 2017 start date for a new north entry cellphone lot, a better baggage handling system at Terminal B, passenger boarding bridges and more employee parking over the next few years.

TreeHouse – Home improvement retailer TreeHouse, which opened in TreeHouse4Dallas Friday June 2nd, is the world’s first retail store to produce more energy than it uses. A Tesla power pack battery wall stores harvested solar energy to redistribute when needed, and to put excess back into the grid. All of its plants are native species and watered from harvested rainwater. The store uses daylight as much as possible, and cools by using Big Ass fans.

The Austin-based home improvement store sells products that fall into 3 categories: Performance – meaning energy efficient merchandise,EKO_symbol_cmyk windows, roofing, insulation; Design including paint, flooring, cabinetry, lighting; Landscaping including decking, irrigation, gardening.  Many products come from recycled materials, are free of toxins, are more sustainable or integrate automation for ease.  Inside the store, customers will also experience a live kitchen with local chefs demonstrating smart-home appliances, and two to three classes each week on topics like native landscaping.  The location is at the northeast corner of Interstate 75 & Walnut Hill Lane. The store will span 25,000 square foot, including 5,000 to 10,000 square feet for an outdoor landscaping section.  TreeHouse has also announced it will open a second North Texas location this fall at the corner of Preston Road and Park Boulevard in Plano, adjacent to a Whole Foods.

EpicWaters1New Epic Waters Waterpark – A new Dallas-Fort Worth Waterpark is set to make an EPIC Splash! The city of Grand Prairie announces their new $75M recreational facility that is slated to open in November of this year.  Epic Waters indoor waterpark is an indoor-outdoor venue with a retractable roof that’s open year round.

EpicWaters3The park will have nine water slides, including an outdoor wave pool, a lazy river, an activity pool, a children’s area, and an arcade. There will be cabanas, a full-service grill/bar, and private party/meeting areas, both indoor and outdoor. It’s part of The Epic recreation center, which will feature fitness equipment, indoor tracks, a digital library, and recording studio. The complex will also have a 5,000-seat amphitheater, and more than two miles of trails. Epic is the final phase of the 172 acre Grand Central recreational development.

Information provided by Keller Williams Dallas Metro North. Call us today for assistance with your real estate needs!

Attention Flower Mound Foodies!

 

chefLocal “Foodies” are all smiles about the new eating and dining trends coming our way!

The Market at Lakeside, 2500 Lakeside Parkway, Suite 100 – opening this month, The Market at Lakeside is an independent grocery store, run by local owners Billy and Talitha Ledet. The neighborhood store will feature quality, unique, fresh food and ingredients to satisfy your everyday eating, entertaining and special occasion needs. In addition to offering basic staples, The Market will offer a variety of healthy grocery items, fresh produce, baked goods and deli sandwiches, as well as an assortment of wines and local craft beers. The Ledets strongly support local farmers and producers because they believe in the community they live in and serve. Curbside pick-up and delivery will be offered; outdoor seating is available to meet your friends and enjoy a Saturday morning croissant!

coffeeTrio Craft Coffee, 2650 Flower Mound Road (NE corner of FM2499 and FM3040) – After Carlos and Susan Palacio, owners of Trio, moved their shop down the road into a beautiful, larger new space, they wanted to bring to the community high-quality food prepared by reputable chefs. Carlos always believed that his pursuit of intentional, ingredient-focused coffee products was a natural pairing with cooking; to that end, the Palacios hosted their inaugural pop-up dinner on May 11 for 22 lucky diners.

A pop-up dinner is a dining trend in which diners are given a chance to try something new – like a meal eaten entirely in the dark, or a meal made entirely of food scaps, or in the case of Trio Craft Coffee, a meal that features coffee as both an ingredient as well as a meal pairing.

Trio plans to repeat the experiential dining experience with another pop-up dinner planned for the Fall.

Read more about Trio’s inaugural pop-up dinner: Dallas Observer

It’s highly beneficial to have a professional, knowledgeable, local real estate agent by your side! Call Keller Williams Dallas Metro North today to find a qualified REALTOR® to assist you with your real estate needs. 

Keller Williams Dallas Metro North remains a strong presence in the Metroplex!

Newest data indicates that Keller Williams Dallas Metro North remains a strong presence in the Dallas/Fort Worth real estate market!

Slide1In May 2017, Area 41, Keller Williams Dallas Metro North (KW-DMN) closed more than twice as many units as the next closest brokerage firm.

Area 41 = the communities of Argyle, Bartonville, Copper Canyon, Corinth, Double Oak, Flower Mound, Hickory Creek, Highland Village, Lake Dallas, Lewisville, Shady Shores and parts of Hebron and Northlake.

 

Slide2Similarly, YTD 2017 data for Area 41 clearly demonstrates that Keller Williams Dallas Metro North (KW-DMN) closed more than double the units of their nearest competitor!

Area 41 = the communities of Argyle, Bartonville, Copper Canyon, Corinth, Double Oak, Flower Mound, Hickory Creek, Highland Village, Lake Dallas, Lewisville, Shady Shores and parts of Hebron and Northlake.

 

Slide3In May 2017, Keller Williams Dallas Metro North (KW-DMN) ranked 5th in closed units for the D/FW four-county area (Collin, Denton, Dallas and Tarrant Counties). Also notable – Keller Williams brokerage firms are a strong presence in the area, holding the top eight positions for closed units in the Metroplex!

 

slide4YTD 2017 figures indicate another strong showing by Keller Williams Dallas Metro North (KW-DMN), ranking 5th in the D/FW four-county area (Collin, Denton, Dallas and Tarrant Counties) for closed units. 8 of the top 10 Metroplex brokerage firms for Closed Unit Data belong to Keller Williams brokerage offices!

 

Slide5Keller Williams Dallas Metro North (DMN) improved to 5 fewer days on market for YTD 2017 when compared to 2016.

Furthermore, our listings are selling 16 days faster than the area MLS listings, an improvement over 2016 figures by 3 days!

Area 41 = the communities of Argyle, Bartonville, Copper Canyon, Corinth, Double Oak, Flower Mound, Hickory Creek, Highland Village, Lake Dallas, Lewisville, Shady Shores and parts of Hebron and Northlake.
It’s highly beneficial to have a professional, knowledgeable, local real estate agent by your side! Contact Keller Williams Dallas Metro North today for your real estate needs!

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!