Blog

/Blog/

A&M RECenter Phoning It In On Denton County Home Sales Estimates

By |2019-09-18T17:19:58+00:00September 18th, 2019|Denton County Homes For Sale, Denton County Real Estate, Denton County Relocation, Denton TX Homes For Sale, Denton TX Real Estate, Texas Real Estate|

The Real Estate Center at Texas A&M is apparently still phoning it in when it comes to DFW area home sales estimates. I was hoping the A&M RECenter had fixed their algorithm for late closings to produce better monthly sales estimates for the local real estate boards. Unfortunately, there is still a lot of room for improvement. Dallas' largest paper reported a rise of 5 percent for single-family home sales in August. Updated NTREIS data show the actual sales increase was about 1 percent. The Pending sales increase also looks to be about 1 percent [...]

Denton TX Home Prices Hit New Record, DFW Real Estate Closes Out Strong Summer

By |2019-09-10T16:48:19+00:00September 10th, 2019|Denton County Home Prices, Denton County Homes For Sale, Denton County Real Estate, Denton County Relocation, Denton Tx Home Prices, Denton TX Homes For Sale, Denton TX Property Taxes, Denton TX Real Estate, DFW Home Prices, DFW Homes For Sale, DFW Real Estate, DFW Relocation, Economy, Housing Market, Mortgage Rates, New Home Sales, Relocation, Texas Real Estate|

Denton Texas hit a new record in August, with average home prices pushing above $284,000 for the month. The average price of a single-family home in Denton TX pushed above $290,000 for the month, eclipsing the previous record set in June. The plunge in mortgage interest rates back to near record lows kept the summer sales momentum going for the local real estate market. Denton County saw home sales rise about 11 percent compared to August of last year, while pending sales look to post a slight gain as well. Flat pricing in Denton County [...]

Village Builders Waterbrook Opening Late Fall In Argyle TX

By |2019-09-05T22:21:06+00:00September 5th, 2019|Denton County New Homes, Denton County Real Estate, Denton County Relocation, Denton Tx New Homes, Denton TX Real Estate|

Village Builders has pushed back their opening for the Argyle community of Waterbook to late Fall 2019 according to a company representative I spoke with earlier today. One of model homes is currently under construction, but it will apparently be a couple of months before the community is ready to entertain contracts for new home construction. Waterbook won't see its first permanent residents until 2020. Parent company Lennar Homes has experienced some delays getting things off the ground after acquiring the community in the CalAtlantic acquisition. Prices in Waterbrook are still slated to range from [...]

Diminishing Returns? July New Home Sales Up 4.3%

By |2019-08-23T16:00:16+00:00August 23rd, 2019|Denton County Home Prices, Denton County New Homes, Denton County Real Estate, Denton Tx Home Prices, Denton Tx New Homes, Denton TX Real Estate, DFW Home Prices, DFW New Homes, DFW Real Estate, Housing Market, Mortgage Rates, New Home Sales|

The Census Bureau reported sales of new single-family homes at a seasonally adjusted annual rate of 635,000 in July. That's up 4.3 percent from July of last year, but down 12.8 percent below the sharply revised June numbers. The median price of a new home contracted in July was $312,800 while the average price of a new home contracted was $388,000, both lower than prices last year. The median new home price for July was $14,700 (about 4.5%) less than July of last year. The supply of new homes stood at 6.4 months in July, [...]

Existing Home Sales Snap 16 Month Losing Streak, Rise 0.6%

By |2019-08-21T18:59:02+00:00August 21st, 2019|Denton County Home Prices, Denton County Real Estate, Denton Tx Home Prices, Denton TX Real Estate, DFW Home Prices, DFW Real Estate, Existing Home Sales, Housing Market|

The National Association of Realtors reported existing home sales for July at a seasonally adjusted annual rate of 5.42 million. That's 2.5 percent better than last month according to NAR's revised figures, and up 0.6 percent from July of last year. All it took was a complete capitulation by the Federal Reserve on policy normalization and a dramatic 75 basis point drop in mortgage rates. The median price of a home in July was $280,800, up 4.3% from last year. The average price of an existing home sold in July was $317,100, a rise of [...]

Plunging Mortgage Rates Lift Denton County Home Sales In July

By |2019-08-19T02:35:46+00:00August 10th, 2019|Denton County Home Prices, Denton County Homes For Sale, Denton County New Homes, Denton County Real Estate, Denton County Relocation, Denton Tx Home Prices, Denton TX Homes For Sale, Denton Tx New Homes, Denton TX Real Estate, DFW Home Prices, DFW Homes For Sale, DFW New Homes, DFW Real Estate, Housing Market, In the Press, Mortgage Rates, Relocation, Texas Real Estate|

Plunging mortgage interest rates lifted Denton County home sales to a near record month in July. Home sales in Denton County posted a 14 percent year-over-year jump on record high average prices. The average price of a home sold in Denton County last month was a record $374,130. The surge in sales during July helped to offset the sales decline in June, and year-to-date sales are now slightly in positive territory. If you read Dallas' largest newspaper, the July rebound in the housing market was all about the strong economy and fabulous jobs market. In [...]

New Home Sales Rise 4.5 Percent In June On Lower Rates

By |2019-07-24T17:12:05+00:00July 24th, 2019|Denton County Home Prices, Denton County New Homes, Denton County Real Estate, Denton Tx Home Prices, Denton Tx New Homes, Denton TX Real Estate, DFW New Homes, DFW Real Estate, DFW Relocation, Housing Market, Mortgage Rates, New Home Sales, Real Estate, Texas Real Estate|

The Census Bureau reported new home sales for June at a seasonally adjusted annual rate of 646,000 units. This was up 7 percent from revised May figures and 4.5 percent higher than a year ago. The previous three months were revised lower. The median price of a new home contracted in June was $310,400, almost unchanged from last year. The average price of a new home in June was $368,600, a decrease of $1500 from June 2018. Months of supply stood at 6.3 in June, up from 6.0 months of supply last year. Translated on [...]

DFW Unemployment Rate Drops To 3.3 Percent

By |2019-07-23T11:30:58+00:00July 21st, 2019|Denton County Relocation, DFW Employment, DFW Relocation, Economy|

The Texas unemployment rate hit a fresh low in the month of June, with the official headline number falling to 3.4 percent. According to the Texas Workforce Commission Texas added 45,000 jobs during the month and 315,600 jobs over the latest 12 month period. Dallas-Fort Worth posted an unemployment rate of 3.3 percent, down from 3.8 percent a year ago. The news from the TWC is that Texas continues to be a beneficiary of the longest economic expansion in U.S. history, and the DFW area has certainly been a part of that expansion. Denton County [...]

International Real Estate Activity In U.S. Cools Dramatically In Latest Survey

By |2019-07-20T13:00:44+00:00July 19th, 2019|Denton County Real Estate, Denton TX Real Estate, DFW Home Prices, DFW Homes For Sale, DFW Real Estate, DFW Relocation, Economy, International Real Estate|

Foreign buyers are cooling on U.S. residential real estate. NAR's Profile of International Transactions in U.S. Residential Real Estate 2019 shows foreign purchases declined 36 percent from the previous 12 month period to $77.9 billion. That translates to 183,100 home purchases, or roughly 3 percent of existing home sales in the U.S. Chinese purchases of U.S. real estate declined 56 percent to $13.4 billion in dollar volume. NAR's latest survey shows that the escalating trade war and stagnating global economy are definitely taking a toll on foreign investment in residential real estate in the United [...]

Denton County Home Sales Resume Slide In June Amid Affordability Crunch

By |2019-07-16T15:14:49+00:00July 10th, 2019|Denton County Home Prices, Denton County Homes For Sale, Denton County Real Estate, Denton Tx Home Prices, Denton TX Homes For Sale, Denton TX Real Estate, DFW Home Prices, DFW Homes For Sale, DFW Real Estate, Housing Market, Mortgage Rates, Relocation, Texas Real Estate|

Denton County home sales resumed their slide in June amid the continuing affordability crunch. Despite the large drop in mortgage interest rates experienced this year, home sales in Denton County dropped 6 percent compared to the same time last year. This was in line with the 6 percent slide seen throughout the DFW area. The average price of a home in Denton County in June posted at $364,887, a decline of 1 percent from June of 2018. Median home prices in Denton County were unchanged from June of last year, posting at $325,000. The bump [...]