We all know that job growth is key to move this economy along . . .Frisco just announced Premier Studios a one billion dollar project is coming to Frisco. Founder, President and CEO Jerry Roy said the project will create more than 450 jobs, pending additional negotiations, and will cost $700 million to develop. The land under contract is northwest of the Dallas North Tollway and Warren Pkwy., just north of Hall Office Park. . . . And more announcements are on the way . . .Texas is the place for employers from an economic standpoint looking at Texas as an employer and an employee. Real Estate continued much of the same from last month. Good news is the number of residential properties put on the market in August was up only 2% in McKinney and down 4% in Frisco. Our basic inventory levels in our area are fairly good year over year. Total closed sales once again were down in total volume. . . .indicating fewer buyers out there in the “new market” . . .McKinney down 25% and Frisco down 38% yet median and average sales prices looked good . . .we are seeing movement on the mid to upper price ranges. I attended the Keller Williams Real Estate Summit this past week and had the opportunity to listen to Ted Jones of Stewart Title. . www.blog.stewart.com and although his outlook nationwide looked very grim to say the least . . . .he emphasized that THERE IS NO SUCH THING AS A NATIONAL REAL ESTATE MARKET OR ECONOMY OR COMMUNITY . . . .with that said right now we need to focus on our local community. . Think outside of the box .and spend inside the box right here in our community!. . . McKinney was named as one of the top 5 places to live and let’s keep it that way
Comments(0)