Denton CAD’s Chief Appraiser Doesn’t Want To Be Overwhelmed With Property Tax Protests

By |2019-04-24T21:31:46+00:00April 24th, 2019|Denton County Property Taxes, Denton TX Property Taxes, Politics, Spin Cycle, Texas Property Taxes|

Denton Central Appraisal District chief appraiser, Rudy Durham, apparently doesn't want to be overwhelmed with property tax protests this year. Durham recently called out Watchdog Dave Lieber for encouraging everyone to file a protest, something every property owner is entitled to do under the Texas Property Taxpayers Bill of Rights. Lieber is right that everybody should file a protest. Every homeowner in the Dallas-Fort Worth area should protest. They should protest not just their valuation from their local CAD, but the system in its entirety. Every homeowner in Denton County should protest an operationally corrupt [...]

New Home Sales Improve On Lower Rates, Big Drop In Prices

By |2019-04-23T20:38:27+00:00April 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, DFW Relocation, Mortgage Rates, New Home Sales, Texas Real Estate|

According to the Census Bureau new home sales for March posted at a seasonally adjusted annual rate of 692,000, a 3 percent increase from the same time last year and 4.5 percent better than February sales numbers. Apparently the big drop in mortgage interest rates continued to provide some lift to the new home market in March. This confirms what we were seeing in the DFW market last month as new home sales outperformed the resale market. The supply of new homes stood at 5.0 months in March, up from 4.5 months a year ago. [...]

NAR: Existing Home Sales Disappoint, Down 5.4% In March

By |2019-04-22T21:43:03+00:00April 22nd, 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, Existing Home Sales|

The National Association of Realtors reported existing home sales dropped 4.9 percent in March. This puts existing U.S. home sales down 5.4 percent compared to last year. Apparently the stimulus provided by crashing mortgage interest rates has already run its course. Home builders certainly aren't taking any chances, as confirmed by the weak starts and permits data we saw last week. Builders are apparently happy to sell off some of their remaining new home inventory rather than ramp up production in a meaningful way. NAR reported that the median price of an existing home in [...]

Hoisington Quarterly Review: Parallels of Past Fed Mistakes

By |2019-04-13T12:58:39+00:00April 12th, 2019|Denton County Real Estate, Denton TX Real Estate, DFW Real Estate, Economy, In the Press, Mortgage Rates, Texas Real Estate|

Hoisington Investment Management has released their latest Quarterly Review, and it's certainly worth a read if you want to understand the Federal Reserve's capitulation on policy normalization and the stagnating global economy. The global economic slowdown should really not be surprising considering the massive amounts of stimulus by global central banks which have resulted in massive amounts of debt and economic bifurcation. The problem with quantitative easing and all of the central bank intervention is that liquidity has not not been used for productive, organic growth. As the debt keeps piling up, the economic benefit [...]

Denton County Home Sales See March Revival

By |2019-04-10T11:25:38+00:00April 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 Real Estate, DFW Home Prices, DFW Homes For Sale, DFW Real Estate, DFW Relocation, Housing Market, Mortgage Rates, Texas Real Estate|

Denton County home sales experienced a spring revival in March as plunging mortgage interest rates helped to offset continued affordability constraints. Home sales jumped 5 percent in the area while pending sales edged 6 percent higher for the month. The big decline in mortgage rates boosted home sales activity. Average home prices in Denton County also edged higher in March, rising almost 2 percent compared to March of last year to nearly $365,000. New home sales in the Denton area experienced the biggest boost from the recent interest rate swan dive. Sales of existing single-family [...]

Denton County New Home Sales Spring To Life In March

By |2019-04-02T19:00:11+00:00April 2nd, 2019|Denton County Home Prices, Denton County New Homes, Denton County Real Estate, Denton County Relocation, DFW Home Prices, DFW New Homes, DFW Real Estate, DFW Relocation, Economy, Housing Market, Mortgage Rates, Politics, Texas Real Estate|

Denton County new home sales are enjoying a spring revival courtesy of lower mortgage interest rates. Preliminary March data for North Texas shows that home sales rebounded in March, with new home sales driving the action. Buyers were obviously lured off the fence in the DFW area when it came to buying new homes. It also helped that new home builders were keeping price points lower. The average price of new homes in Dallas-Fort Worth still shows to be softening. Pending sales data for March looks a bit weaker than closings, so it will be [...]

Denton County Real Estate Market Gets Lift From Crashing Yields, Lower Rates

By |2019-03-30T12:58:59+00:00March 28th, 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 Real Estate, DFW Home Prices, DFW Homes For Sale, DFW Real Estate, Economy, Housing Market, Mortgage Rates, Texas Real Estate|

The Denton County real estate market is getting a much-needed lift going into the spring selling season. That lift is coming courtesy of crashing bond yields and a drop in mortgage interest rates. Lower interest rates were desperately needed to stimulate a stagnating housing market. The Freddie Mac Primary Mortgage Market Survey confirmed today what many have been expecting.... a continued drop in mortgage rates. Freddie Mac's index just posted the biggest one-week drop in a decade. If the economy continues to slow, 3 percent mortgage rates could be in play again. That could be [...]

Summer Opening Possible For Village Builders Waterbrook In Argyle TX

By |2019-03-23T14:17:08+00:00March 22nd, 2019|Denton County New Homes, Denton County Real Estate, Denton County Relocation, New Home Sales, Video|

Village Builders appears to be on schedule for a summer 2019 opening for the community of Waterbrook in Argyle Texas. Lennar Corporation acquired the Argyle community of Waterbrook via their recent acquisition of Cal Atlantic Homes. Terra Manna was developing Waterbrook for Cal Atlantic before it was re-branded with Lennar's upscale Village Builders product line. Waterbrook is a 105-acre planned community with approximately 275 residential home sites. 40' 50' and 70' lots will be available ranging in prices from the $300's to the mid $500's. Waterbrook is located at the southeast corner of Highway 377 [...]

Fed Says No Rate Hikes In 2019, Balance Sheet Drawdown Ending In September

By |2019-03-22T00:46:54+00:00March 21st, 2019|Denton County Real Estate, Denton TX Real Estate, DFW Real Estate, Economy, Housing Policy, Markets, Mortgage Rates, Spin Cycle, Texas Real Estate|

The Jerome Powell cave is now a comical farce. Aside from using the word "patient" about 30 times in the March FOMC statement, Jerome Powell told us the Fed does not expect to hike interest rates at all in 2019. To top things off, the Fed balance sheet that was on autopilot at the end of last year will now end this September. In terms of the Fed's projections for the economy, growth was revised down and the unemployment rate was revised up slightly. "In light of global economic and financial developments and muted inflation [...]

Lower Mortgage Rates Fuel February Rebound In Denton County Real Estate Market

By |2019-03-13T18:52:50+00:00March 11th, 2019|Denton County Home Prices, Denton County Real Estate, Denton County Relocation, Denton Tx Home Prices, Denton TX Real Estate, DFW Home Prices, DFW Real Estate, DFW Relocation, Housing Market, Mortgage Rates, Relocation, Texas Real Estate|

Lower mortgage interest rates and a sharp rebound in the stock market helped fuel a rebound in the Denton County real estate market in February. Closed home sales declined 4 percent year-over-year, improving from poor January figures. Average home prices in Denton County rose 2.4 percent compared to February of last year. Pending home sales for February actually moved into positive territory rising 6 percent for the month. The increase in contract signings indicates that buyers were enticed by dramatically higher inventory levels and the improvement in mortgage interest rates. New home sales in particular, [...]