Denton County Home Prices Hit New High In March As Sales Cool

Denton County home prices hit a new record high in March with the average price of a Denton County home posting at just over $360,000. Median home prices for Denton County also hit a new all-time high rising to almost $320,000. That was a jump of 8 percent from March of last year. While home prices throughout the DFW area were hitting new highs at the end of the first quarter, actual closed sales of homes declined 5 percent in March. Denton County saw a similar 5 percent decline in home closings for the month. [...]

Denton County TX Home Sales Flat In February As Prices Rise

Denton County home sales followed the trend in the DFW area during February, roughly unchanged from the same sales volume a year ago. The average price of a Denton  County home rose almost 5 percent year-over-year to just over $341,000. The median price of a Denton County home rose 7.5% to $304,990. The average price of a new Denton County home rose 9.6 % in February to $432,625. Resale price gains were more muted in February, rising only 4.0 percent compared to last year. Pending home sales in both Denton County and the greater DFW [...]

First-Time Buyer Share of Housing Market At 27 Year Low

Today the National Association of Realtors reported that the share of first-time buyers in the U.S. housing market continues to evaporate. First-time buyers currently only represent 33% of home sales. That's a 27-year low, and a testament to the failed policies of the Federal Reserve's trickle-down monetary policy. But all those poor schleps looking for a home can at least look on the bright side. JPMorgan is earning some serious bank on the contract they have with the NY Fed to hold $1.7 trillion of those QE bonds. The sad part here is that the [...]

Airbrushed NFP Report Shows Unemployment Down To 8.3%

Today's NFP report is one more indicator that it's an election year in the United States. Washington has a stated goal of reducing unemployment, so we should not be surprised that the nonfarm payroll report showed a gain of 243,000 jobs in the month of January. Unemployment reportedly dropped to 8.3%. Trouble is, the bullshit coming from most of the media is belied by a little thing called the truth. Given the relatively stable growth in the population, the labor participation rate should be growing if the number of unemployed is shrinking.  So why do we find [...]

By | 2017-12-22T14:45:50+00:00 February 3rd, 2012|Dallas Tx Employment, Economy|0 Comments