The roofs are on fire

Fast-growing Dallas neighbor takes title as No. 1 U.S. housing market, report says

Frisco is growing, and homes are flying off the market.

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At least by one measure, the Dallas-area housing market is 100-degrees-in-the-summer hot.

A study released August 24 by personal finance website WalletHub ranks four North Texas cities among the 10 most attractive real estate markets in the U.S. Frisco grabs the No. 1 spot, with McKinney at No. 4, Denton at No. 5, and Allen at No. 6.

The only other Texas market in the top 10 is second-ranked Austin.

Looking in particular at Frisco, its placement atop the WalletHub ranking stems in large part from its eye-popping population growth. At a rate of 71 percent, Frisco was the fastest-growing large U.S. city from 2010 to 2019, according to the U.S. Census Bureau. Today, Frisco’s population exceeds 208,000.

Frisco remains one of the most active cities in DFW in terms of home construction. Through May 31, there were 1,283 residential building permits (not quite as many as nearby Celina).

To determine the most attractive real estate markets, WalletHub compared 300 cities across 18 key metrics. The data ranges from appreciation of median home price to job growth.

The Dallas-Fort Worth real estate market “is doing great after recovering from the blows of the pandemic since July of last year. Demand for single-family homes has risen and supply has lagged since the second half of last year,” according to Norada Real Estate Investments.

Highlighting the hotness of the DFW market, Norada notes that the region’s supply of available homes stood at 1.1 months in the second quarter, and that the median home price climbed 22.4 percent to $349,381.

“2021 has represented a year of strengths in many financial areas. The stock market and bank account balances are up, while unemployment and interest rates are low. These factors represent ideal conditions for the housing market, and as long as we continue to see shortages in housing inventory, we should still see an ideal environment for housing growth,” Job Hammond, secretary-treasurer of the Austin Board of Realtors and an adjunct professor at Austin Community College, tells WalletHub.

Here are the 10 most attractive real estate markets in the country, as judged by WalletHub.

Frisco
Austin
Gilbert, Arizona
McKinney
Denton
Allen
Durham, North Carolina
Reno, Nevada
Roseville, California
Nashville, Tennessee

lists rankings

Henderson Avenews

Dallas' Henderson Ave. project lands 11 new tenants from bagels to boots

Photo courtesy of PopUp Bagels

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A major mixed-use development taking shape on Dallas’ Henderson Avenue has signed 11 new retailers and restaurants, including a viral bagel shop, the first Dallas location of a major Western brand, and more food, fashion, and wellness destinations.

According to a release, the 161,000-square-foot (as-yet-unnamed) mixed-use development from New York-based Acadia Realty Trust and Dallas development firm Ignite-Rebees, under construction along a quarter-mile stretch between Glencoe Street and McMillan Avenue, will be complete in late 2026 (or "Q4" in business speak).

The newest additions include several brands making their debuts in Dallas, Texas, or even all of the United States.

In alphabetical order, the new tenants include:

Alberta Boot Co. — Canadian Western bootmaker opening its first U.S. store.
Ariat — Western and performance apparel brand with a shop in the Fort Worth Stockyards, but none in Dallas yet.
Cami — Women’s fashion label known for elevated basics and contemporary style.
Cody & Sioux — Western-inspired retailer opening its first U.S. location.
Guizio — Streetwear-influenced women’s fashion brand making its Texas debut.
Jean Dousset — Fine jewelry and engagement ring designer opening its first Texas location.
Margaux — Luxury footwear and accessories brand opening its first Texas storefront.
Sway Wellness — Wellness retailer specializing in hemp-derived products.
Rag & Bone — Fashion retailer relocating from its temporary Henderson Avenue location.
Salt & Straw — Portland-based artisanal ice cream shop that opened May 15.
PopUp Bagels — Viral bagel shop from the Northeast, slated to open later this summer, the second location after a recent Dallas debut in Inwood Village.

The project will ultimately include approximately 75,000 square feet of retail space, 12,000 square feet of restaurant space, 74,000 square feet of office space, and 500 underground parking spaces, the release says.

“The addition of these distinctive brands reflects our commitment to curating a retail environment that is both leading-edge and deeply engaging,” says Mark Masinter, managing partner and co-founder of Ignite-Rebees, in the release. “Henderson Avenue is evolving into something really special and intentional, and these tenants — and the soon-to-be announced next round of tenants — are a reflection of that.”

Henderson Avenue development A rendering of 2200 N Henderson Ave, with design by GFF. Rendering by Pictury

Construction teams have completed the structural phase and are now moving into interior build-outs and finish work. Dallas-based architecture firm GFF designed the project as a collection of 10 distinct buildings connected by landscaped walkways and public gathering spaces.

The development will also include the previously announced Romy, an all-day bakery-cafe and restaurant from hospitality team Tristan Simon and Taryn Anderson alongside chef Matt Ford.

“When the project is complete, Henderson Avenue will feature an extraordinary mix of brands housed in a collection of design-forward buildings that you simply won’t find anywhere else in Dallas,” Masinter says.

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