Frisco Edition - July 2020

FRISCO EDITION

REAL ESTATE

VOLUME XX, ISSUE XX  XXXXXXXXXX, 2020

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VOLUME 8, ISSUE 1  JULY 10AUG. 6, 2020

Bouncing back

Frisco’s growth remains driver for housingmarket

After being up over 10% year over year in February, new home listings in Frisco declined with the onset of the coronavirus pandemic. Realtors said listings have since rebounded, but there is not enough inventory to meet the demand.

BY WILLIAM C. WADSACK

NUMBER OF HOMES UNDER CONTRACT IN FRISCO

In the last decade, Frisco was the fastest-grow- ing large city in the U.S., according to Census Bureau data, and it saw a steady demand for sin- gle-family and multifamily homes. “All housing demand is driven by job growth and population growth,” said Matt Enzler, senior managing director for Trammell Crow Resi- dential. “The Dallas [area] has enjoyed a pretty strong job growthmarket for the last decade. But that’s reversed.” CONTINUED ON 18

Impacts

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COVID-19 pandemic begins in North Texas

500 400 300 200 100 0

2019 2018 2020

SPONSOREDBY • The Cheney Group 2020 EDI T ION REAL ESTATE

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MARCH APRIL

MAY

SOURCE: COLLIN COUNTY ASSOCIATION OF REALTORSCOMMUNITY IMPACT NEWSPAPER

Communitycalls for dialogue, diversity followingprotests

Frisco Mayor Je Cheney said the city and community still have work to do when it comes to con- versations on race and inclusion. This comes a month after Frisco’s rst peaceful protest took place in the wake of George Floyd’s killing in Minneapolis. The protest then led to other marches, town halls and events related to race and social justice. “As our community becomes

much more diverse, we need to continue our eorts to make sure we understand the needs of every resident,” Cheney said. The protest brought to the forefront the “uncomfortable truths” of policing, race relations and injustices against the Black community, said Dono Pelham, senior pastor at Life-Changing Faith Christian Fellowship.

Real Estate Insights

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BY ELIZABETH UCLÉS

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Nikugen Steak &Ramen

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More than 1,000 people attended the June 6 “We Can’t Breathe Peaceful Protest and March,” which started at Warren Sports Complex and continued down Preston Road. (Courtesy Suad Bejtovic)

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