Frisco housing market annoyingly strong

by PegNews wire

Of all the towns to have a strong housing market that will not quit, why oh why Frisco?

FRISCO — Frisco homes are earning an average asking price of $319,000, prompting experts to call the city a strong market.

Prices are up by 5.42 percent from last year. Houses stay on the market for a relatively short 75 days. Sellers get 98 percent of their asking price. The houses are pretty new, 15 years or less. The rest of us may be suffering, but it's only going to keep getting better and better up there. Lucky bastards.

Posted by T.G.

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Erin Rice, says:

I think it's because of Pizza Hut Park and that there professional soccer team they got in Frisco.

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2 years, 3 months ago
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Clay213, says:

Erin,

You might think so, but clearly this is the reason

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2 years, 3 months ago
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terryorze, says:

I actually studied Frisco in a college statistics class. Difficult to understand. Frisco has everything that is bad about a major city(traffic, pollution etc.) with none of the benefits. Plus it has all of the disavantages of the country with none of the benefits of the country. Many families own large McMansions defined as a house where not one dime went into anything that did not add square footage, but according to TXU statisticians they have the highest percentage of cash disadvantaged people anywhere. TXU labels a person cash disadvantaged if they have too high of an income to receive assistance, but cannot pay thier electric bill. A smaller or better insulated home would be better for the largest percentage of people in Frisco. Fortunately, it seems that most families have two incomes and have not reached the top earning years of thier careers. If they do not finance thier shorfall with credit card debt(unlikely) they have a chance for thier incomes to catch up with lifestyles.

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2 years, 3 months ago
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Aaron Johnson, says:

I think you're right on terrorze. Frisco is artificially propped up. Unfortunately there is not enough infrastructure and fundamentals to support long term growth and they will soon experience a correction in their little bubble market as well. When no one can qualify for a mortgage then development ceases and artificially props up existing property values, however the first ones to get in on the action when the market picks back up again are not the existing home owners; it's the developers. Who would by a 20 year old home for $300k if you can buy a brand new mcmansion for that down the street on farmer joe's 40 acres he sold to pulty homes?

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Michael Schaefer, says:

I'm selling a house in Frisco. We've been on the market for a couple months now. No offers. I'm not sure if the author of this article checked any actual facts, but from where I sit, it's clear that house prices are coming down. We're lowering our price today by $10,000, putting our price 10K below the appraised value. And if you track the home prices on the major realtor sites for our neighborhood, all our neighbors are doing the same.

I think a lot of this rhetoric is just Frisco bashing.