Trendmaker Homes Comes To Dallas Via TRI Pointe Acquisition of Dunhill

By |2018-12-13T11:32:34+00:00December 13th, 2018|Dallas TX Real Estate, Denton County New Homes, Denton County Real Estate, Development, DFW New Homes, DFW Real Estate, In the Press, Markets, Texas Real Estate|

California based TRI Pointe Group is expanding its Texas footprint by purchasing Dallas-based Dunhill Homes for a reported $60 million. Dunhill Homes operates in the Dallas-Fort Worth market under the Dunhill and Nathan Carlisle Homes brands. Effective January 1st, Dunhill will begin operating under the Trendmaker Homes brand. Trendmaker Homes was previously part of Weyerhaeuer before the Houston area builder was acquired by TRI Pointe several years ago. Trendmaker builds a number of affordable luxury homes in the Houston and Austin markets. With the absorption of Dunhill Homes, TRI Point will acquire Dunhill's assets, and [...]

Denton County Home Prices Drop As DFW Sees Worst Sales In 7 Years

By |2018-12-13T00:29:48+00:00December 11th, 2018|Denton County Home Prices, Denton County Real Estate, Denton Tx Home Prices, Denton TX Real Estate, DFW Home Prices, DFW Real Estate, Housing Market, In the Press, Mortgage Rates, Relocation, Texas Real Estate|

Denton County home prices slid 2 percent in November as the DFW housing market experienced the worst sales decline in 7 years. The good news is that the sales volume estimates in the official press releases are now more reflective of reality. The bad news is that actual home sales in Dallas-Fort Worth are still rather soft. Home sales in Denton County dropped 9 percent in November, in line with the 8 percent decline seen for DFW. Pending home sales in Denton County slid 3 percent compared to the same time a year ago, slightly [...]

Yield Curve Inversion And Denton County Real Estate Prices

By |2018-12-10T00:37:34+00:00December 7th, 2018|Denton County Home Prices, Denton County Real Estate, Denton Tx Home Prices, Denton TX Real Estate, DFW Home Prices, DFW Real Estate|

With renewed talk of yield curve inversion during the past week Denton County real estate prices are going to be interesting to watch. Some people are wondering how low the Federal Reserve's balance sheet will go as the try to unwind/reverse years of quantitative easing. As I was commenting earlier this morning, that balance sheet probably won't go as low as Fed officials originally planned. For all of the collective PhD economic talent employed at the Fed, they still can’t forecast their way out of a paper bag. The Fed has barely rolled off 10 [...]

Dallas Morning News Real Estate Desk Continues Comedy Of Errors

By |2018-12-05T12:42:09+00:00December 4th, 2018|Texas Real Estate|

The Dallas housing market isn't dead, but real estate editor, Steve Brown, continues floating more comical real estate industry spin to minimize what's going on with the Dallas-Fort Worth housing market. Mr. Brown's latest article about overdone expectations caught my attention. He's right that the truth is usually not as bad as those screaming fire. The DFW housing market certainly isn't dead. As I have explained, it is just beginning to deflate. I'm not sure where Mr. Brown is getting his forecast for a 1 percent decline in home sales next year, but I certainly [...]

Toll Brothers Net Orders Plunge 13 Percent In Q4

By |2018-12-04T19:33:14+00:00December 4th, 2018|Denton County Home Prices, Denton County New Homes, Denton County Real Estate, DFW Home Prices, DFW New Homes, DFW Real Estate, Spin Cycle|

Shares of luxury home builder Toll Brothers fell out of bed today. Toll reported higher net income and higher revenue on a 12 percent increase in home closings for the quarter, but the market sniffed out what some people like myself were anticipating with Toll's latest quarter... a big drop in demand for expensive luxury homes. Toll was clearing out inventory with juicy incentives during the fourth quarter, but net signed contract value plunged 15 percent while net contract units (homes) fell 13 percent. Toll's orders for California nosedived 39 percent. Oops! “In November, we saw [...]

Denton County Home Inventory Rises 30 Percent As Sales Continue To Fall

By |2018-12-04T10:50:24+00:00December 3rd, 2018|Dallas TX Homes For Sale, Dallas TX Real Estate, Denton County Homes For Sale, Denton County Real Estate, Denton TX Homes For Sale, Denton TX Real Estate, DFW Homes For Sale, DFW Real Estate, Economy, In the Press, Markets|

The number of homes for sale in Denton County Texas is up 30 percent year-over-year in November. This is happening even as the number of closed sales in Denton County continues to decline. In Layman's terms, the housing market has peaked in Denton County Texas. You know your real estate market is due for some softness when the Wall Street Journal explicitly tells you that the housing boom is over. Looking at area inventory levels, you can see that home inventory has actually been rising for more than a year. This is true in Denton [...]

Powell Keeping Federal Reserve’s Waffle House Open For Business

By |2018-11-30T14:42:10+00:00November 29th, 2018|DFW Real Estate, Economy, In the Press, Mortgage Rates, Spin Cycle|

Not more than two weeks after he was touting the strength of the U.S. economy and how we are in such a good place, Fed chairman Jerome Powell, tossed out a slightly dovish speech to the audience at the Economic Club of New York. The title of the event was the 'Federal Reserve's Framework for Monitoring Financial Stability'. They could just as easily called it sticking your finger up in the air to see which way the wind is blowing. While tossing out the typical central banker sound bites, Powell continued the long standing Federal [...]

October New Home Sales Collapse, Near Three-Year Low

By |2018-11-29T12:01:32+00:00November 28th, 2018|Denton County New Homes, Denton County Real Estate, Denton Tx New Homes, Denton TX Real Estate, DFW New Homes, DFW Real Estate, Housing Market, Housing Policy, Mortgage Rates, New Home Sales, Politics, Texas Real Estate|

The Census Bureau numbers for October new home sales posted at a seasonally adjusted annual rate (SAAR) of 544,000 units. This was way below expectations of a 575,000 print, and near a three-year low. As I have been detailing for much of the year, much of that "pent-up demand" that you hear real estate industry mouthpieces talking about is a giant work of fiction, a tired marketing ploy that the media, economists and Realtors have been using in attempt to justify grossly inflated home prices across the U.S. Well, it appears the cat is officially [...]

Higher Prices, Shrinking Homes – Denton County’s New Underwater Borrowers Found In HUD Annual Report

By |2018-11-28T01:29:11+00:00November 27th, 2018|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 Real Estate, Housing Market, Mortgage Rates, Mortgages, New Home Sales, Relocation|

The Department of Housing and Urban Development's Fiscal Year 2018 report to Congress is filled with useful information on the state of the U.S. mortgage market. Contained within the 2018 annual report we can see where the latest crop of underwater borrowers are hiding in Denton County Texas. As the size of new homes continues to shrink, particularly for entry-level buyers, prices increases have begun to moderate or even decline in many areas. This poses a big problem for unsuspecting home buyers who have been roped into the housing market at the cycle peak with [...]

Frisco TX Home Sales Collapse As DFW Market Turns

By |2018-11-24T12:51:01+00:00November 24th, 2018|Collin County Home Prices, DFW Home Prices, DFW Homes For Sale, DFW Real Estate, Economy, Mortgage Rates, Relocation|

Home sales were down 13 percent in Frisco TX, the popular suburban Dallas community which is also home to the Dallas Cowboys. Pending sales during the month of October were even worse, falling 16 percent from the same time a year ago. The number of homes for sale in this   in this sports-minded community rose 6.2%. There are over a 1000 homes for sale in Frisco currently, but they aren't selling like they used to. Frisco's real estate problem is the same one plaguing the North Texas market in general. Prices are simply too high, [...]