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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, [...]

Case-Shiller: Dallas Home Prices Continue To Cool In December

The S&P/Case-Shiller home prices indices for December showed that Dallas home prices continued to cool in December. While the national index for home prices was 4.7 percent higher, Dallas trailed at an annual growth rate of 3.9 percent. The index for Dallas home prices was essentially flat for the sixth consecutive month. Among the major cities in the 20-city index, Las Vegas, Phoenix and Atlanta showed the highest yearly gains in December, with increases of 11.4%, 8.0% and 5.9% respectively. San Diego and DC showed the smallest increases, registering price gains of 2.3% and 2.7%. [...]

Trendmaker Homes Comes To Dallas Via TRI Pointe Acquisition of Dunhill

California based TRI Pointe Group is expanding its Texas footprint by purchasing Dallas-based Dunhill Homes for a reported $60 million. Dunhill Homes operates in the Dallas-Fort Worth market under the Dunhill and Nathan Carlisle Homes brands. Effective January 1st, Dunhill will begin operating under the Trendmaker Homes brand. Trendmaker Homes was previously part of Weyerhaeuer before the Houston area builder was acquired by TRI Pointe several years ago. Trendmaker builds a number of affordable luxury homes in the Houston and Austin markets. With the absorption of Dunhill Homes, TRI Point will acquire Dunhill's assets, and [...]

Denton County Home Inventory Rises 30 Percent As Sales Continue To Fall

The number of homes for sale in Denton County Texas is up 30 percent year-over-year in November. This is happening even as the number of closed sales in Denton County continues to decline. In Layman's terms, the housing market has peaked in Denton County Texas. You know your real estate market is due for some softness when the Wall Street Journal explicitly tells you that the housing boom is over. Looking at area inventory levels, you can see that home inventory has actually been rising for more than a year. This is true in Denton [...]