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New Home Sales Soften With Higher Rates and Prices

By |2021-03-24T22:01:55+00:00March 23rd, 2021|Denton County Home Prices, Denton County New Homes, Denton County Real Estate, Denton County Relocation, Denton Tx New Homes, Denton TX Real Estate, DFW Home Prices, DFW New Homes, DFW Relocation, Mortgage Rates, New Home Sales|

New home sales softened in February with higher interest rates and record high prices. It didn't help that many markets in the U.S. are still sitting on record low inventories. The Census Bureau reported new home sales for the month of February at a seasonally adjusted annual rate of 775,000 units. That was well below forecasts, but previous months were revised higher. The median price of a new house sold in February 2021 was $349,400. The average sales price of a new home reached a new record high of $416,000. Combine those high prices and [...]

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North Texas Home Sales Hit A Wall As Inventory Dries Up

By |2021-03-12T14:13:20+00:00March 10th, 2021|Denton County Home Prices, Denton County Homes For Sale, Denton County Real Estate, Denton County Relocation, Denton Tx Home Prices, Denton TX Real Estate, DFW Home Prices, DFW Homes For Sale, DFW Real Estate, DFW Relocation, Housing Market, Monetary Policy, Mortgage Rates, Pending Home Sales, Real Estate, Spin Cycle|

North Texas home sales hit a wall in February as inventory available in the market dried up across the Dallas-Fort Worth area. The Fed-fueled mania gripping the local real estate market is now left searching for support at grossly distorted levels. North Texas home sales declined by 6 percent compared to February of last year. Pending home sales fell 13 percent. The supply of homes available for sale has never been lower according to NTREIS statistics going back 20 years. Inventory in the DFW area now stands at a single month of supply at the [...]

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New Home Sales Exceed Expectations With Powell Priming The Pump

By |2021-02-25T12:20:15+00:00February 24th, 2021|Denton County Home Prices, Denton County New Homes, Denton County Real Estate, Denton Tx Home Prices, Denton Tx New Homes, DFW Home Prices, DFW New Homes, DFW Real Estate, Housing Policy, Monetary Policy, Mortgage Rates, New Home Sales|

The Census Bureau reported new home sales for January at a seasonally adjusted annual rate of 923,000 units. That's a 4.3 percent increase from revised December figures and 19.3 percent higher than January of last year. Previous months were also revised higher. The median price of a new home came in at $346,400. The average price of a new home contracted in January was $408,800. That's a new record high for average new home prices in the U.S....in January. The supply of new homes available for sale dipped to 4.0 months. New home sales in [...]

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Denton County Residents Endure Loss and Hardship in Texas Power Grid Failure

By |2022-01-05T03:34:57+00:00February 21st, 2021|Denton County Real Estate, Denton TX Real Estate, DFW Real Estate, Energy & Utilities, Politics, Regulation|

Thousands of Denton County residents endured power outages, water outages and other hardships during the past week. Dozens of people have died across the state due to weather-related events, and the federal government has declared Texas a national disaster. The sad part is that the power outages and rolling blackouts leading to loss of life and untold economic damage was largely a preventable, man-made disaster. All the warning signs were there, but the warnings were ignored, and many power generators brushed off the risk of a major winter event in Texas' loosely regulated electricity market. [...]

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Denton County Housing Market Now Dependent On Fed Liquidity

By |2021-02-11T14:25:50+00:00February 10th, 2021|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 Real Estate, DFW Home Prices, DFW Homes For Sale, DFW New Homes, DFW Real Estate, DFW Relocation, Housing Market, Housing Policy, In the Press, Monetary Policy, Mortgage Rates|

The Denton County housing market is now a dependent of the Fed. Over 3 $trillion in quantitative easing has ramped home prices to record highs while driving inventory to record lows. North Texas housing no longer resembles a normal market. Borrowers can now be in COVID mortgage forbearance for up to 15 months while the Fed is busy blowing another massive asset bubble. The American Enterprise Institute has called out the Federal Reserve for blatantly distorting the housing market, but the Fed is still flooding the system with liquidity. Some FOMC officials are calling for [...]

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NexMetro Eyes 215 Build-To-Rent Units In Avilla Fairways On Lake Sharon Dr

By |2021-02-08T19:19:54+00:00February 8th, 2021|Denton County Homes For Rent, Denton County Real Estate, Denton County Relocation, Denton TX Homes For Lease, Denton TX Real Estate, DFW Homes For Lease, DFW Real Estate|

Build-to-Rent developer NexMetro Communities is eyeing 215 units for Avilla Fairways. The planned development would be located along Lake Sharon between Oakmont Dr and Barrel Strap (aka 2499). The detached rentals in Avilla Fairways would consist of a mix of 1-bedroom, 2-bedroom and 3-bedroom units. The recent Lake Sharon extension opened up this tract of land on the north side of the street making the project possible. Owners of Lake Sharon Estates to the south and the Larkspur at Oakmont to the north could soon be looking at a crop of new build-to-rent homes instead [...]

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AEI: The Fed is Misdiagnosing Monetary Policy’s Effect on the Housing Market

By |2021-02-03T15:15:20+00:00February 3rd, 2021|Dallas Tx Home Prices, Denton County Home Prices, Denton County Real Estate, Denton Tx Home Prices, DFW Home Prices, Economy, Education, Housing Market, Housing Policy, In the Press, Monetary Policy, Mortgage Rates, Real Estate, Regulation, Spin Cycle|

The American Enterprise Institute is taking the Federal Reserve to task for its bubble-blowing monetary policy. The AEI' latest report on housing market indicators is a wonderful composition detailing how Federal Reserve monetary policy has fueled massive home price appreciation and speculation in the the U.S. housing market. It's refreshing to see that others calling the Powell Fed out for blatantly obvious asset price distortions. With Powell continuing the denial and misdirection, the problems are likely to get worse before they get better. I would encourage you to read the entire AEI Housing Center report [...]

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New Home Sales Rise Slightly, Up 15.2 Percent Year-over-Year

By |2021-01-29T13:30:45+00:00January 28th, 2021|Denton County Home Prices, Denton County New Homes, Denton County Real Estate, Denton County Relocation, Denton Tx Home Prices, Denton Tx New Homes, Denton TX Real Estate, DFW Home Prices, DFW New Homes, DFW Real Estate, DFW Relocation, Economy, Housing Market, Housing Policy, Markets, Mortgage Rates, New Home Sales|

New home sales rose 1.6 percent in December according to Census estimates. The seasonally adjusted annual rate of 842,000 translates into a 15.2 percent increase from December of 2019. The median price of a new home sold in December 2020 was $355,900. The average price was $394,900. The median price of a new U.S. home rose $26,400, or 8 percent in the middle of a global pandemic even as millions of Americans were losing their jobs. If that's not a testament to the power of central bank liquidity, I don't know what is. The inventory [...]

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Oblivion Revisited: Jerome Powell Lays More Cover For The Banking System

By |2021-04-21T11:15:28+00:00January 15th, 2021|Denton County Real Estate, Economy, Humor, In the Press, Spin Cycle, Video|

In a Q&A session and virtual chat covering monetary policy and the U.S. economy Jerome Powell floated another laughable statement regarding the strength and soundness of the U.S. financial system. Just like his predecessors before him, Powell is apparently willing to feed the financial media whatever it wants to hear, even it has no affiliation with the truth. Federal Reserve Chairman Jerome Powell said the Fed will maintain the current course of printing money like there's no tomorrow until it sees substantial progress towards its goals of 2 percent inflation and maximum employment. It is [...]

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Bombshell: Houston Agents Caught Steering Buyers Away From Homes With Lower Commissions

By |2021-01-14T11:59:19+00:00January 13th, 2021|Denton County Real Estate, Denton TX Real Estate, Housing Market, Housing Policy, In the Press, Real Estate, Regulation, Spin Cycle, Texas Real Estate|

On November 2020 the National Association of Realtors settled its antitrust case with the Department of Justice, agreeing to a number of reforms over how MLS boards operate. The settlement also addressed how Realtors compete in their local markets. We now have more understanding of why the case was filed, and why it was settled. The Houston Chronicle is reporting on how several Houston area agents were caught on tape steering buyers away from homes which did not offer three percent commissions. Last year the Department of Justice announced the lawsuit against NAR and the [...]

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