DFW Region Posts Solid Job Growth In May

By | 2018-06-17T14:22:59+00:00 June 16th, 2018|Dallas Tx Employment, Denton County Home Prices, Denton Tx Home Prices, DFW Home Prices, Economy, Markets, Mortgage Rates, Texas Employment|

The Dallas-Fort Worth-Arlington (DFW) region posted another month of solid employment gains in May, tacking on an additional 20,200 jobs compared to April according to non-adjusted numbers from the Texas Workforce Commission. For the 12-month period in May, the DFW area has added 122,000 jobs. This kept the official unemployment rate for the Dallas-Fort Worth area at 3.4 percent. Texas added 34,700 seasonally adjusted nonfarm jobs during the month. While job growth remains solid in the DFW area, what's also running hot are DFW prices. The consumer price index for the Dallas MSA posted at [...]

The 9 Percent DFW Home Sales Gain That Didn’t Happen

By | 2018-06-13T21:11:28+00:00 June 13th, 2018|DFW Real Estate, Education, Housing Market, In the Press, Spin Cycle, Texas Real Estate|

The Dallas Morning News continues to allow real estate editor Steve Brown some serious latitude with the truth when it comes to DFW home sales. In the latest article on May home sales Mr. Brown would apparently have you believe that "11,302 preowned single-family homes" traded hands in May. Unfortunately that didn't happen! You would think that Dallas' largest newspaper would have the resources to fact-check the horse manure Mr. Brown is printing in the digital edition of the paper, but apparently that is asking too much. The Dallas Morning News real estate desk is [...]

Denton County Home Sales Edge Higher In May

By | 2018-06-11T13:28:44+00:00 June 11th, 2018|Dallas Tx Home Prices, Denton County Home Prices, Denton County Homes For Sale, Denton County Real Estate, Denton TX Homes For Sale, DFW Home Prices, DFW Homes For Sale, DFW Real Estate, Housing Market, Mortgage Rates|

Denton County home sales edged up slightly during May with closed sales rising roughly 3 percent compared to a year ago. Sales of new construction were a bit softer than resales during May due to inventory mixes. The city of Denton saw home sales rise by almost 11 percent in May as lower average price points continued to boost activity. With the Federal Reserve poised to hike rates again this week, it's all about interest rates and affordability. The greater DFW area saw relatively flat home sales volume in May. Although new home builders were [...]

Denton County Homes For Rent: Less Is More

By | 2018-06-06T21:12:02+00:00 June 6th, 2018|Denton County Home Prices, Denton County Homes For Rent, Denton County Real Estate, Denton Tx Home Prices, Denton TX Homes For Lease|

Denton County renters continued to get squeezed in May with prices for single-family rentals edging up slightly compared to the same time last year. As home price inflation continues to push higher, the average rent per square foot rose a bit faster. In Denton County the average price for a home leased during the month of May registered at roughly $1921. This was essentially unchanged from May of last year, but the price per square foot rose from $0.93 to $0.96. Within the city of Denton where average rents are lower ($1617), the price per [...]

Sears At Golden Triangle Mall In Denton TX Closing In September

By | 2018-06-01T01:29:23+00:00 May 31st, 2018|Denton County Real Estate, Development, DFW Real Estate, Economy, In the Press|

Sears Holdings announced a new batch of store closings and it appears the long anticipated closure of the Golden Triangle Sears location is finally here. After reporting dismal first quarter results, Sears announced a new batch of 72 Sears and KMart locations that will be shut down in September. According to the latest press release from Sears Holdings, the auto center at the Golden Triangle Denton TX location will shut down in early June. In addition to the Denton Sears closure, three other DFW stores will also be shut down in early September. Those Sears [...]

Denton TX Mortgages – Lock Your Rate Or Not?

By | 2018-05-30T12:56:07+00:00 May 29th, 2018|Denton County Real Estate, DFW Real Estate, Economy, Housing Market, Mortgage Rates, Mortgages, Real Estate, Texas Real Estate|

Should you lock your Denton TX mortgage interest rate at the time of application? If you are buying a home, it's a difficult question to answer. As early as last week Treasury bears were screaming at the rooftops that yields (and by default mortgage rates) were going to shoot higher, as evidenced by the 10-year Treasury crossing a supposed line in the sand above 3%. What a difference a few days makes! This morning the yield on the benchmark 10-Year Treasury dipped to 2.82 percent, retracing 29 basis points from the recent "line in the [...]

Denton ISD Housing Activity Poised For Future Growth

By | 2018-05-25T12:49:32+00:00 May 25th, 2018|Denton County Home Prices, Denton County New Homes, Denton County Real Estate, Denton Tx Home Prices, Denton TX Homes For Sale, Denton Tx New Homes, Development, Economy, Education|

The Denton Independent School District board of trustees received their quarterly growth report at the last school board meeting. The Q1 report from Templeton Demographics highlights current district growth patterns as well as future lot development within Denton ISD's 180 square mile boundary. There are also some interesting statistics on Denton home prices and Denton homes for sale. Some of the more interesting highlights from the demographic report include: Student Enrollment within Denton ISD stands at 29,420 Unemployment rate of 3.2% within Denton ISD, compared to 3.7% for the DFW MSA Over 32,000 future new [...]

April Existing Home Sales Soften 2.5%

By | 2018-05-25T11:00:08+00:00 May 24th, 2018|Denton County Home Prices, Denton County Real Estate, DFW Home Prices, DFW Real Estate, Existing Home Sales, Housing Market, Housing Policy, In the Press, Politics, Spin Cycle, Texas Real Estate|

The National Association of Realtors reported a 2.5 percent slide in existing home sales for April. That translates to a 1.4 percent decline compared to last year. According to NAR the median price of an existing home sold in April was $257,900, a rise  of 5.3 percent compared to last year. The average price of an existing home was $297,300, an increase of 3.3 percent compared to last year. NAR chief economist, Lawrence Yun, blamed low inventory for the sluggish April sales... “The root cause of the underperforming sales activity in much of the country [...]

New Home Sales Rise Less Than Expected In April

By | 2018-05-23T18:28:43+00:00 May 23rd, 2018|Denton County Home Prices, Denton County New Homes, Denton Tx New Homes, DFW Home Prices, DFW New Homes, Housing Market, Mortgage Rates, New Home Sales|

The Census Bureau reported new home sales for April that were a little lighter than expected. April new home sales posted at a seasonally adjusted annual rate of 662,000. The previous three months were revised lower, with March sales seeing a significant downward revision. The average price of a new home contracted in April was $407,300, a sharp increase from the same time a year ago. The median price of a new home sold (contract signing) was roughly flat at $312,400. That dramatically higher average contract price in April offers a good clue as to [...]

Toll Brothers Stock Trips On Higher Cancellation Rate

By | 2018-05-22T15:25:47+00:00 May 22nd, 2018|Denton County New Homes, Denton Tx New Homes, DFW New Homes, Economy, Housing Market, In the Press, Markets, Mortgage Rates|

Luxury home builder Toll Brothers reported fiscal second quarter results today, and Mr. Market was not amused. Toll Brothers net income declined for the latest quarter as did income from operations. Income from operations fell from 10.1 percent of revenues last year to 8.4 percent of revenues in Q2 2018. Perhaps more concerning was the jump in Toll's cancellation rate, rising from 3.5 percent last year to 5.2 percent in the second quarter of 2018. While the absolute percentage may seem small, this is actually a significant development when you consider that Toll can be extremely [...]