North Texas Real Estate Market-Why it’s So Hot!

By Cheney Group | On

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If recent reports are showing us anything, it’s that everyone wants to move to Texas. A shocking 400,000 people moved to Texas in 2016 alone, which was the largest population increase in the country. According to the U.S. census, the Lone Star state’s total population surpassed 28 million people between July 2016 and July 2017. In North Texas alone, an estimated 60,000 people moved to the area between 2015 and 2016. Frisco and McKinney happened to be the fastest growing suburbs in the United States in 2016.

While North Texas and Frisco, in particular, has certainly seen various cycles in real estate in the past, they have been nothing like this. There are numerous reasons behind this, including the fact that there have been a series of huge corporate relocations to the area over the last year. Frisco is also considered one of the state’s most “innovative communities”, working to launch the first free driverless car program and making moves that rival West Coast cities like San Francisco and Los Angeles. These are just a few reasons why Frisco isn’t just a popular place to call home, but a great spot to invest. Many young entrepreneurs are even making the decision to call North Texas home, as there are tons of excellent opportunities for career advancement, investment, and the potential to own a large, beautiful home for the same price as you would be able to get an apartment in New York, for example.

The Cheney Group Continues to Be a Force

Headed by Frisco Mayor, Jeff Cheney, The Cheney Group has long been a staple in the Frisco real estate scene. Not only do we have an upper hand because of our founder’s dedication to the community and role as Mayor, but our realtors truly love and care about our clients. Running a real estate group in such a hot market can be challenging, but for us, this is a welcomed challenge. Frisco is special to all of us for different reasons, and we love nothing more than being able to help people find their dream home or sell their Frisco house and move onto the next chapter. Texans, in particular, are very big on home ownership, with 44% of the 500,000 households in Dallas being owned by their occupants.

North Texas is also home to numerous rolling estate properties, giving families and individuals alike the opportunity to keep horses right in town (be sure to keep the one horse per acre rule in mind, should that be something that interests you!) The housing options in Frisco and the surrounding areas are also quite diverse, ranging from one-quarter to half-acre single family homes built in the 1950s to townhomes and high rises, such as Twelve Cowboys Way, The Star’s newest apartment tower we told you about a few months back.

If you have an interest in investing in a property in Frisco or are considering moving to the area and are curious what the market looks like right now, please do not hesitate to reach out. The Cheney Group realtors know everything there is to know about the Frisco real estate market and are happy to answer any questions you may have!

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