When a recent study recognized Frisco as the nation’s top real estate market, The Dallas Morning News did additional research to find out why.
Frisco Mayor Jeff Cheney, who has operated Cheney Realty Group in the city for nearly 20 years, recognized the entire North Texas region for its “very strong” housing market, but noted Frisco is outperforming all major cities in the area.
The city’s entire residential market — which includes homes for sale, lease and rent — is seeing a supply shortage.
“We actually have a shortage of supply of homes coming on the market for people who want to move here,” Cheney said, adding that it is also the strongest leasing market he has seen.
Most leasing properties could have more than a dozen applications in the first…