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Denton County Real Estate

North Texas Housing Market Correction Taking Shape

A housing market correction is coming to North Texas. Don't say you weren't warned. The data points have been piling up for months. The only question remaining is how this all plays out, or more specifically how much pain the Fed is willing to tolerate. Inflation Rages Today's headline print for CPI inflation came in at a red-hot 7.5%. Despite many experts' assumptions that inflation would be moderating, core inflation has actually been increasing in each of the last three month's readings from the Bureau of Labor Statistics. Jerome Powell and the FOMC decided to [...]

By |2022-02-17T16:37:36+00:00February 10th, 2022|Denton County Home Prices, Denton County Homes For Rent, Denton County Homes For Sale, Denton County New Homes, Denton County Property Taxes, Denton County Real Estate, Denton County Relocation, Denton Tx Home Prices, Denton TX Homes For Sale, Denton Tx New Homes, Denton TX Property Taxes, Denton TX Real Estate, DFW Home Prices, DFW Homes For Sale, DFW New Homes, DFW Real Estate, DFW Relocation, Economy, Housing Market, Monetary Policy, Mortgage Rates|0 Comments
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First Phase of Cole Ranch Taking Shape in Denton

The first phase of the Cole Ranch development is taking shape in the southwest side of Denton. Hillwood Communities has been working on the project that will turn the former Hunter Ranch and Cole Rach in to a huge 3200-acre master-planned development with roughly 6000 homes. The initial plat of phase I of the project shows over 600 homes on tap. Those homes should be arriving as available inventory in early 2024. "Preliminary plans call for 663 single family lots, 48 townhome lots, 1 multifamily lot, 7 mixed-use regional lots, and 1 light industrial lot. [...]

By |2022-01-30T20:51:27+00:00January 30th, 2022|Denton County Real Estate, Denton TX Homes For Sale, Denton Tx New Homes, Denton TX Real Estate, Development, Housing Market|3 Comments
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New Home Sales Rise in December, But Headwinds Mounting

New home sales were a bit better than expected in December. The Census Bureau reported new home sales at a seasonally adjusted annual rate (SAAR) of 811,000 units. Previous months were revised lower. The median price of new home came in at $377,700. The average price of new construction contracted in December was $457,300. New home sales are still suffering from supply constraints. Completed inventory remains very low while the number of units technically for sale remains very high. Looking at unadjusted numbers out of the 408,000 homes "for sale" at the end of December [...]

By |2022-01-26T23:54:42+00:00January 26th, 2022|Denton County New Homes, Denton County Real Estate, Denton County Relocation, Denton Tx New Homes, Denton TX Real Estate, DFW New Homes, DFW Real Estate, DFW Relocation, Housing Market, Monetary Policy, New Home Sales, Politics, Spin Cycle|1 Comment
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North Texas Real Estate Shatters Records, Before The Fed Pulls the Rug

North Texas real estate shattered a number of records as we closed out the year. December saw record home prices in December as the Federal Reserve continued to pump asset prices. Available home inventory in the Dallas-Fort Worth area dipped to new record lows. Investors, speculators and other home buyers were busy fighting over the dwindling pool of properties available for for sale. The number of homes for sale in North Texas slipped to roughly 11,400 in December. There would be about 30,000 homes for sale in the DFW area under normal conditions. At the [...]

By |2022-01-22T12:47:35+00:00January 10th, 2022|Denton County Home Prices, Denton County Homes For Rent, Denton County Homes For Sale, Denton County New Homes, Denton County Real Estate, Denton Tx Home Prices, Denton TX Homes For Sale, Denton TX Real Estate, DFW Home Prices, DFW Homes For Lease, DFW Homes For Sale, DFW New Homes, DFW Real Estate, DFW Relocation, Economy, Housing Market, Monetary Policy, Mortgage Rates|0 Comments
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Denton County Home Sales Slide Again As Inventory Double Dips

Denton County home sales are drying up as fast as the inventory. Closings in Denton County fell 7 percent last month. Pending sales were just slightly lower compared to the same time a year ago. The problem continues to be sky high prices and super low inventory. The median price of a home in Denton County hit a record high $415,000 last month. Average home prices fell slightly to $477,978, but they are still 21.5 percent higher than the same time a year ago. The number of homes for sale fell for a 4th consecutive [...]

By |2021-12-11T13:50:07+00:00December 10th, 2021|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, Economy, Housing Market, Housing Policy, In the Press|0 Comments
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October New Home Sales Below Expectations

New home sales came in lighter than expected for October. The previous three months were also revised lower. Census numbers showed October new home sales at a seasonally adjusted annual rate (SAAR) of 745,000 units. Months of supply rose slightly to 6.3, but up 80 percent from last year. If supply is so abundant, why aren't new homes selling like hotcakes? The answer lies in the real unadjusted data. The Census Bureau puts a lot of seasonally adjusted optimism into their figures. Headline Census estimates for new home sales get repeated by major media all [...]

By |2021-11-28T12:20:44+00:00November 27th, 2021|Denton County Home Prices, Denton County Homes For Sale, Denton County New Homes, Denton County Real Estate, Denton County Relocation, DFW New Homes, DFW Real Estate, DFW Relocation, Housing Market, Monetary Policy, Mortgage Rates, New Home Sales|0 Comments
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Seasonality Returning to the Denton County Housing Market

Seasonality is returning to the Denton County housing market. Home sales fell for a fourth consecutive month in October. Closed sales were down 15 percent. Pending sales fell 9 percent from the same time a year ago. Home prices in Denton County are still overheated. Median prices were up 17.3 percent. The average price of a Denton County home was 22.6 percent higher compared to last year. While prices remained off their record highs seen in August, prices on a per square foot basis set new records. The median of $186 per square foot was [...]

By |2021-11-11T03:07:07+00:00November 11th, 2021|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, Economy, Housing Market, Housing Policy, Mortgage Rates|0 Comments
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Median New Home Price Hits Record High $408,800

The median new home price in the United States hit a record high $408,800 in September. Census data for new home sales show the average price just off the record high at $451,700. The survey estimate for new home sales in September came in at a seasonally adjusted annual rate (SAAR) of 800,000 units. This was a 14 percent improvement from August, but still down 17.6 percent from the same time a year ago. North Texas saw a 16 percent decline in new home contracts from the same time a year ago. Closed sales were [...]

By |2021-10-26T21:35:05+00:00October 26th, 2021|Dallas TX Real Estate, 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 New Homes, DFW Real Estate, DFW Relocation, Mortgage Rates, New Home Sales|0 Comments
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Zillow Puts the Brakes on Cash Offers for Remainder of Year

Zillow has hit the pause button on buying homes in the U.S. Zillow reportedly has halted cash purchases of homes through the remainder of the year. Citing labor and supply shortages, the company says it just can't keep up with demand as it works through a backlog of homes it has to close on, renovate and sell. Zillow's chief operating officer phrased it like this. “We’re operating within a labor-and supply-constrained economy inside a competitive real estate market, especially in the construction, renovation and closing spaces.” Interestingly, other iBuyers like Opendoor, Offerpad and Redfin have [...]

By |2021-10-19T15:04:33+00:00October 19th, 2021|Denton County Home Prices, Denton County Real Estate, Denton County Relocation, DFW Home Prices, DFW Real Estate, DFW Relocation, Economy, Housing Market, In the Press, Monetary Policy, Spin Cycle|0 Comments
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North Texas Home Sales Continue To Soften

North Texas home sales continue to soften. September sales data reflect a 9 percent slide in closings in Denton County. The DFW area experienced a 5 percent slide in home sales last month according to NTREIS Trends data. Pending sales in Denton County were flat to just slightly negative last month. The broader Dallas-Fort Worth area saw a 3 percent decline in September sales contracts. With the Federal Reserve expected to announce a taper of their huge asset purchase program ($120 billion per month) things have been a little wobbly in the markets. After marching [...]

By |2021-10-10T16:47:17+00:00October 10th, 2021|Denton County Home Prices, Denton County Homes For Sale, Denton County New Homes, Denton County Real Estate, Denton County Relocation, DFW Home Prices, DFW Homes For Sale, DFW New Homes, DFW Real Estate, DFW Relocation, Economy, Housing Market, Markets, Monetary Policy, Mortgage Rates|0 Comments
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Aaron Layman Realtor Denton County Texas Questions? Call me now at
940-209-2100

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The listings on this site are for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is usually deemed reliable but is NOT guaranteed accurate by the MLS. Buyers are responsible for verifying the accuracy of all information and should investigate the data themselves or retain appropriate professionals. Information from sources other than the Listing Agent may have been included in the MLS data. Unless otherwise specified in writing, Broker/Agent has not and will not verify any information obtained from other sources. The Broker/Agent providing the information contained herein may or may not have been the Listing and/or Selling Agent.

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Big Fat Giant Disclaimer!  Nothing on this site should be construed as investment advice or legal advice. The opinions of your humble blogger are just that.

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