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. [...]

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 [...]

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 [...]

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 [...]

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 [...]

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 [...]

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 [...]

North Texas Housing Bubble Gasping For Air

By |2021-01-18T12:19:32+00:00January 11th, 2021|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 Real Estate, DFW Home Prices, DFW Homes For Sale, DFW Real Estate, DFW Relocation, Economy, Housing Market, Housing Policy, Mortgages|

The North Texas housing bubble was gasping for air in December. Inventory continued to dry up across the Dallas Fort Worth market, helping to push median and average home prices up 9.7 percent and 12.3 percent respectively. Prices on a per square foot basis hit fresh new highs in North Texas as 2020 came to a close. Ironically we saw a bevy of Federal Reserve officials calling for more inflation in the economy last week while home prices were posting double-digit year-over-year gains. North Texas home sales were up 16 percent from December of 2019. [...]

North Texas Housing Inflation Much Worse Than Official Statistics

By |2022-08-06T13:25:35+00:00January 4th, 2021|Denton County Real Estate|

Housing inflation in North Texas is much worse than official statistics would have you believe. This is a feature, not a bug of the financial system we live in. The Federal Reserve's preferred measure of housing inflation, owners' equivalent rent, is a comical joke which is purposely used to provide the appearance of tame, measured inflation in the U.S. economy. Many government officials use the official CPI measure of housing inflation despite its inherent flaws in capturing actual home price inflation experienced by consumers and home buyers. The CPI measure of owners equivalent rent is [...]

New Home Sales Revised Lower In November

By |2020-12-24T11:53:24+00:00December 24th, 2020|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, Spin Cycle|

New home sales were revised lower in November. The Census Bureau reported new home sales at a seasonally adjusted annual rate (SAAR) of 841,000 units last month. New home sales were still up 20.8% compared to last year, but sales dropped 11 percent from the revised October figure of 945,000 units. August and September were also revised lower. Let's dig into the numbers and find out what happened. The median price of a new home in the U.S. stood at $335,300. The average price was $390,100. Months of supply for new homes stood at 4.1 [...]

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