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Dallas Tx Home Prices

Dallas TX Luxury Home Sales Go Parabolic

Luxury home sales were on rocket fuel last month in Dallas Texas. Sales of luxury homes price at a $1 million or more spiked 44 percent from May of last year. The average price of a Dallas home skyrocketed 21 percent year-over-year setting a new record high of $716,131. That's $124,000 higher than May of last year and $63,000 higher than the previous bubble peak of June 2022. While the Federal Reserve is still trying to shrink that bloated balances sheet, The U.S. Treasury department is still pumping out a lot of new debt issuance [...]

By |2024-08-13T11:03:03+00:00June 10th, 2024|Dallas Tx Home Prices, Dallas TX Homes For Sale, Dallas TX Real Estate, Denton County Home Prices, Denton County Homes For Sale, Denton County Property Taxes, Denton County Real Estate, Denton County Relocation, Denton Realtor, Denton Tx Home Prices, Denton TX Homes For Sale, Denton TX Property Taxes, DFW Home Prices, DFW Homes For Sale, DFW Real Estate, DFW Relocation, Economy, Employment, Housing Policy, In the Press, Monetary Policy, Mortgage Rates|0 Comments
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AEI: The Fed is Misdiagnosing Monetary Policy’s Effect on the Housing Market

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 [...]

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|1 Comment
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Denton TX Home Prices Go Parabolic With Fed Liquidity

2020 is going to be memorable for a number of reasons, and the housing market is certainly one of them. With the Federal Reserve injecting $trillions in Covid stimulus to prop up the flailing U.S. economy, Denton Texas home prices managed to completely detach from traditional fundamentals in July. Denton TX home prices skyrocketed 14.8 percent to an average price of $316,601 last month, easily shattering the all-time record. 3647 fewer people had jobs in Denton according to the latest employment report, but apparently it didn't matter. 2020 is all about central bank liquidity and [...]

By |2020-08-13T10:29:19+00:00August 10th, 2020|Dallas Tx Home Prices, Denton County Home Prices, Denton County Real Estate, Denton Tx Home Prices, Denton TX Real Estate, DFW Home Prices, DFW Real Estate, DFW Relocation, Housing Market, Texas Real Estate|3 Comments
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Low Rates Keep North Texas Home Sales Alive In September

North Texas home sales improved by roughly 7 percent in September, boosted by an extremely favorable year-over-year mortgage rate comparison which kept affordability levels manageable for area home shoppers. Denton County saw a 7 percent improvement in September home closings, while the City of Denton saw home sales fall slightly compared to the same month in 2018. Pending home sales in the Dallas-Fort Worth area improved by 9 percent in September, but not by the magical 12 percent as reported in the area's largest paper. Pending sales activity in Denton County was up double digits, [...]

By |2019-10-23T12:27:29+00:00October 10th, 2019|Dallas Tx Home Prices, Dallas TX Homes For Sale, Dallas TX Real Estate, 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, Economy, Housing Market, Markets, Mortgage Rates, Pending Home Sales, Relocation, Texas Real Estate|0 Comments
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DFW Contract Activity Cools In April As Stimulus From Lower Rates Fades

DFW contract activity faded in April. Looking at the preliminary sales data for North Texas, it is apparent that the stimulus from the big drop in mortgage rates has run its course. It will be another week or so before we get the official press release numbers, but the data is telling. April was another good month for home sales. Actual closings for home sales showed a robust real estate market in the Dallas-Fort Worth area, but contract signings were another matter. Preliminary sales data indicate that the DFW real estate market is peaking prematurely [...]

By |2020-09-22T15:46:20+00:00May 1st, 2019|Dallas Tx Home Prices, Denton County Home Prices, Denton County Real Estate, Denton Tx Home Prices, Denton TX Real Estate, DFW Home Prices, DFW Real Estate, DFW Relocation, Economy, Housing Policy, Mortgage Rates, Politics, Spin Cycle|0 Comments
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High Prices, Higher Rates Stall Dallas Fort Worth New Home Market

High prices and higher rates are hammering the Dallas-Fort Worth new home market. Starts from new home builders are now expected to increase by only a few hundred homes next year. I am not surprised. I covered this development a few days ago in my post on DR Horton's fourth quarter results, but a recent piece in the Dallas Morning News citing an industry insider/expert highlights the failure of local media to report on what is actually happening. My October housing market report for the DFW area explains why the correction in the local real estate [...]

By |2018-11-11T13:25:58+00:00November 11th, 2018|Dallas Tx Home Prices, Denton County Home Prices, Denton County New Homes, Denton County Real Estate, Denton Tx New Homes, Denton TX Real Estate, Development, DFW Home Prices, DFW New Homes, DFW Real Estate, Economy, Housing Market, Mortgage Rates, New Home Sales, Spin Cycle, Video|0 Comments
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Look For Dallas Fort Worth Employment Engine To Cool

The Dallas Fort Worth employment engine could be cooling off after consecutive years of impressive growth. The latest numbers from the Texas Workforce Commission were still solid for July, reflective of the typical summer turnover, but there are headwinds now blowing against DFW job sector growth. Dallas Fed economists have miraculously figured out that previous employment growth projections for Texas were probably overstated. They have since dialed back their job growth forecast to 2.7%, down from the previous forecast of 3.0% released just last month. While it may catch many local economists off guard, the [...]

By |2019-10-24T22:05:46+00:00August 20th, 2018|Dallas Tx Employment, Dallas Tx Home Prices, Denton County Home Prices, Denton County Real Estate, DFW Home Prices, DFW Homes For Sale, DFW Real Estate, Economy, Texas Real Estate|0 Comments
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RECenter A&M Economists Still Wasting Texas Realtors’ Money

RECenter at A&M economists and data junkies are still wasting the dues of Texas Realtors that pay a good chunk of their salaries. It seems the Real Estate Center at Texas A&M economists are phase-locked in a myopic pursuit to somehow rationalize or justify the status quo situation with Texas housing. "Intellectual Phase-Locking is a condition that results when dogmatic 'scientific' assumptions inhibit further inquiry." Rupert Sheldrake Last year I wrote about some of the interesting details on the Real Estate Center at Texas A&M and their funding. I have also clued readers in on the [...]

By |2018-09-21T09:29:31+00:00July 22nd, 2018|Dallas Tx Home Prices, Denton County Home Prices, Denton County Real Estate, Denton TX Real Estate, DFW Home Prices, DFW Real Estate, Economy, Education, Housing Market, Housing Policy, In the Press, Politics, Real Estate, Spin Cycle, Texas Home Prices, Texas Real Estate|0 Comments
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DFW Adds 10,000 Jobs In June, CPI Still Running Hot

The DFW area tacked on another 10,000 jobs during the month of June according to numbers released by the Texas Workforce Commission. That was more than a third of the 27,200 positions gained in Texas during the month. The unemployment rate for the Dallas-Fort Worth- Arlington MSA posted a 3.8 percent, just slightly below the 3.9 percent figure at this time last year. Midland Texas still held the lowest unemployment rate in Texas at only 2.4 percent. While the Dallas area still posted solid job gains during the month of June, the unadjusted numbers show [...]

By |2020-03-28T14:41:24+00:00July 21st, 2018|Dallas Tx Employment, Dallas Tx Home Prices, DFW Home Prices, DFW Real Estate, Economy, Relocation, Texas Employment, Texas Home Prices|0 Comments
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Dallas Morning News Real Estate Desk Still Missing The Boat

Dallas Morning News' real estate editor, Steve Brown, seems to be waking up to the fact that the DFW real estate market is cooling. He's still off the mark when it comes to the recent peak in DFW home sales, but at least he acknowledged the sales decline last month.  DFW home sales fell for the month of June. See, that wasn't so hard. After successive years of abnormal price growth, the DFW area saw a reported 3 percent decline in home sales in June. I say "reported", because as I detailed in a previous [...]

By |2021-07-05T13:41:40+00:00July 14th, 2018|Dallas Tx Home Prices, DFW Home Prices, DFW Homes For Sale, DFW Real Estate, Economy, In the Press, Mortgage Rates, Spin Cycle, Texas Real Estate|0 Comments
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Aaron Layman Realtor Denton County Texas Questions? Call me now at
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