ALEX PERRY
214.926.0158
[email protected]
Allie Beth Allman & Associates
If you’re looking for opportunities of where to live and do business, understanding Texas and the Dallas/Fort Worth area could be important. With approximately 300 Californians per day moving to the state of Texas and many others considering investing in the Lone Star State, Alex Perry, the #1 real estate agent in Texas, listing and selling the most, will continue to give insight into Texas real estate from all angles—living, investing and understanding.
■ Spring in Dallas: Homes sales in North Texas were up in May, compared to April, as the housing supply also continued to increase. A survey by RE/MAX shows that Dallas-Fort Worth trailed New York and Chicago in May in total home sales closed. DFW home sales increased to 9,311 in May, compared to 8,500 in April. But for year-to-year, North Texas home sales were down 0.3% in May to compared to the 9,336 reported in May 2023.
■ Data Data Dallas: DataBank Inc. is looking to expand its operations with a new data center south of Dallas. The Dallas-based company is preparing to construct a two-story, $256 million, 425,000-square-foot data center. DataBank Inc. is just one of several companies with new or expanding data center projects in North Texas, a region considered one of the country’s leaders in data center construction. Cushman & Wakefield reported that at the end of 2023, nearly 1.5 million square feet of data center projects were underway in North Texas.
■ Take Stock in Texas: Dallas could be the home of the new Texas Stock Exchange if planners and investors get their way. That would not only highlight the growing financial services sector in Dallas-Fort Worth, but it could eventually mean more jobs and more companies heading to North Texas. TXSE Group Inc., based in Dallas, already has raised $120 million from about two dozen investors. The U.S. Securities & Exchange Commission must approve the plan and TXSE would have to compete with the New York Stock Exchange and the Nasdaq, but it also would have something going for it—Texas and its $2.4 trillion economy.
■ A Home in the Country: It’s called the long-term plan for the countryside in Kaufman County. Lennar, one of the country’s biggest homebuilders, is looking to build nearly 4,000 homes near Crandall, located about 25 miles southeast of Dallas. The two Lennar projects on 900 acres of land in the new Eastland developments will transform the area over the next decade. Construction on the first phase is already underway.
