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Denton Tx Home Prices

Denton, Collin County See Declining Home Affordability

Denton and Collin County continue to suffer from declining home affordability. A recent Q1 2018 report from Attom Data Solutions shows that several North Texas housing markets saw worsening affordability rankings compared to last year. Grayson and Ellis Counties were near the top of the list of the most unaffordable counties in the U.S. to buy a home based local home prices and weekly average wages. Grayson and Ellis rank high on the list due to the relatively low average wages and the recent bout of home price inflation that has far exceeded wage gains. [...]

By |2020-03-28T14:43:29+00:00April 1st, 2018|Collin County Home Prices, Dallas Tx Home Prices, Denton County Home Prices, Denton County Real Estate, Denton Tx Home Prices, DFW Home Prices, DFW Homes For Sale, DFW Real Estate, Mortgage Rates|0 Comments
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Denton County TX Home Sales Flat In February As Prices Rise

Denton County home sales followed the trend in the DFW area during February, roughly unchanged from the same sales volume a year ago. The average price of a Denton  County home rose almost 5 percent year-over-year to just over $341,000. The median price of a Denton County home rose 7.5% to $304,990. The average price of a new Denton County home rose 9.6 % in February to $432,625. Resale price gains were more muted in February, rising only 4.0 percent compared to last year. Pending home sales in both Denton County and the greater DFW [...]

By |2022-08-06T13:24:50+00:00March 12th, 2018|Collin County Home Prices, Dallas Tx Home Prices, Denton County Home Prices, Denton County New Homes, Denton County Real Estate, Denton Tx Home Prices, Denton TX Homes For Sale, DFW Home Prices, DFW Homes For Sale, DFW New Homes, DFW Real Estate, Economy, Housing Market, Mortgage Rates|0 Comments
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New Home Sales Softer In January At 593,000 (SAAR)

New home sales came in softer than expected for January, posting at a seasonally adjusted annual rate of 593,000. The Census Bureau numbers were 7.8 percent lower than Decembers revised numbers and 1 percent below January 2017. The median price of a new home contracted in January was $323,000, while the average price of a new home stood at $382,700. There was 6.1 months of supply for new homes in January, a gain of almost a full month compared to this time a year ago. As interest rates have spike during the past two months, [...]

By |2019-02-06T01:41:29+00:00March 1st, 2018|Collin County Home Prices, Denton County Home Prices, Denton Tx Home Prices, DFW Home Prices, DFW Real Estate, Economy, Mortgage Rates, New Home Sales, Real Estate, Texas Home Prices|0 Comments
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Existing Home Sales Slump 4.8% In January, Denton County Sees 2.5% Rise

The National Association of Realtors reported that existing home sales slumped 4.8 percent in January. Despite a month-over-month increase in available inventory, existing home sales still came in softer than expected. The median price of an existing home was $240,500 in January, an increase of 5.8 percent from a year ago. Existing home prices have increased for 71 consecutive months according to NAR while existing home inventory has declined year-0ver-year for 32 consecutive months. In a sign that higher mortgage rates are starting to put a damper on sales, first-time buyers accounted for only 29 [...]

By |2019-07-20T19:52:53+00:00February 22nd, 2018|Dallas Tx Home Prices, Denton County Real Estate, Denton Tx Home Prices, Denton TX Homes For Sale, DFW Home Prices, DFW Homes For Sale, DFW Real Estate, Economy, Existing Home Sales, Housing Market, Mortgage Rates|0 Comments
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Denton County Home Sales, Prices Push Higher In January

Denton County home sales pushed higher in January along with average prices. Closed home sales in Denton County rose about 4 percent compared to last year while the average price of a Denton County home was roughly 7 percent higher than this time a year ago. Pending sales were off about 5% in January and the number of homes available on the market was roughly 11 percent higher year-over-year. Denton County months of supply is still less than two months at 1.9. The City of Denton saw even stronger activity during January. The average price [...]

By |2018-02-10T22:02:47+00:00February 10th, 2018|Denton County Home Prices, Denton County Real Estate, Denton Tx Home Prices, Denton TX Homes For Sale, DFW Home Prices, DFW Homes For Sale, DFW Real Estate, Housing Market, Mortgage Rates|0 Comments
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Fed Unwinds $21 Billion, Markets Puke On Higher Yields

The Federal Reserve System Open Market Account Holdings (SOMA) report for January 31st finally revealed the balance sheet unwind in action. Since the Fed announced their balance sheet unwind last year, the actual process had been proceeding at a snails pace, particularly with the mortgage-backed securities portfolio. The MBS instruments can take 2-3 months to roll off, so the MBS unwind has been virtually invisible until this week. With a $21 billion drawdown in the latest week, including over $10 billion in agency MBS unwind, it becomes increasingly clear why the markets were puking all [...]

By |2018-05-12T00:52:47+00:00February 2nd, 2018|Collin County Home Prices, Dallas Tx Home Prices, Denton County Home Prices, Denton County Real Estate, Denton Tx Home Prices, DFW Home Prices, DFW Real Estate, Economy, Education, Housing Market, In the Press, Mortgage Rates, Politics, Regulation, Texas Employment|0 Comments
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Federal Reserve Sowed The Seeds Of The Next Housing Downturn

The Federal Reserve is poised to cause yet another housing downturn in the U.S. I'm not talking about a spectacular Lehman style apocalypse mind you, but an honest downturn that will be unavoidable. Today's S&P Case-Shiller home price index showed another rise in Dallas home prices in November. This is essentially lagged data confirming what most prospective DFW home buyers already knew, namely that Dallas area home prices are pretty damn high. The national index showed that U.S. home prices were up 6.2 percent, or roughly three times average U.S. hourly income growth. The BEA [...]

By |2019-04-12T16:19:09+00:00January 30th, 2018|Collin County Home Prices, Dallas Tx Home Prices, Denton County Home Prices, Denton County Real Estate, Denton Tx Home Prices, DFW Home Prices, DFW Real Estate, Economy, Housing Market, Mortgage Rates, Spin Cycle, Texas Real Estate|0 Comments
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The Truth About DFW Housing Demand

The Dallas Morning News real estate desk just floated an interesting piece on housing demand in the DFW real estate market. According to the regurgitated Zillow source, almost 40 percent of Dallas area homes sold for more than asking price last year, and the median amount buyers paid over asking price was 5.7 percent or $12,023. Fortunately we have data from the North Texas Real Estate Information System to do a quick fact-check on this story. As it turns out Zillow's story doesn't hold water. Looking at the source of the Zillow story showing buyers chomping [...]

By |2018-01-11T15:16:03+00:00January 11th, 2018|Collin County Home Prices, Dallas Tx Employment, Dallas Tx Home Prices, Denton County Home Prices, Denton County Real Estate, Denton Tx Home Prices, DFW Home Prices, DFW Real Estate, Economy, Housing Market, In the Press, Spin Cycle|0 Comments
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Another Fed “Senior Economist” Demonstrates Willful Ignorance

The Federal Reserve and its army of economists continue to demonstrate willful ignorance of their failed policies. This week it was the Kansas City Fed's Jordan Rappaport who penned another dose of misdirection on the housing market. Rappaport's piece, "Pent-Up Demand and Continuing Price Increases: The Outlook for Housing in 2018" is yet another example of how the Federal Reserve touts itself as a champion of real economy while they continue toe the line for Wall Street and wealthy investors. In the usual captured culture of Fed Mr. Rappaport lays out the theme of continued [...]

By |2018-01-11T20:18:49+00:00January 11th, 2018|Collin County Home Prices, Dallas Tx Home Prices, Denton County Home Prices, Denton Tx Home Prices, DFW Home Prices, DFW Real Estate, Housing Market, Housing Policy, In the Press, New Home Sales, Politics, Real Estate, Regulation, Spin Cycle, Texas Home Prices, Texas Real Estate, Video|0 Comments
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Denton County Home Rental Prices Stagnate

Single-family rental prices in Denton County were basically flat during December. As home prices have continued to creep higher in the area, average rents for single-family homes in Denton County are not as strong. Prospective renters are likely getting stretched with home price inflation exceeding average wage growth. This would help to explain why the average price of home rented in Denton County in December 2017 dropped about 2 percent compared to December 2016. The average price per square foot for a rental in Denton County did rise slightly, but the average size of homes [...]

By |2018-01-07T11:24:37+00:00January 6th, 2018|Collin County Home Prices, Dallas Tx Home Prices, Denton County Home Prices, Denton County Homes For Rent, Denton County Real Estate, Denton Tx Home Prices, Denton TX Homes For Lease, DFW Homes For Lease, DFW Real Estate, Housing Market|0 Comments
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