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Denton Tx Home Prices

North Texas Housing Market Looks Like A Bubble

The North Texas housing market is looking like a bubble waiting to burst. Home prices continued to melt up in April. Median and average home prices hit new all-time highs across the Dallas-Fort Worth area. The median home price in Denton County hit a new record high of $480,000, an increase of 22.9 percent from last year. Average prices hit $577,607. That was up 25.1 percent year-over-year. The melt-up in prices is pretty astounding considering mortgage interest rates are now solidly above 5 percent. Monthly payments for a prospective home buyer in North Texas have [...]

By |2022-05-21T11:50:44+00:00May 10th, 2022|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, Markets, Monetary Policy, Mortgage Rates|0 Comments
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Denton County Home Buyers Front-Run Rate Hikes Sending Prices Soaring

Fear of missing out (FOMO) was the theme last month in Denton County Texas as home buyers behaved like irrational humans often do. Buyers jumped into the local housing market front-running the coming Federal Reserve rate hikes. Home prices shattered records as a result. The median price of home rose 25.3% year-over-year to a record $464,000. Average prices rose 23.6% to a record high $554,098. Closed sales were roughly flat compared to last year. That's a testament to how frenzied the activity was given the current backdrop of spiraling interest rates. Pending sales (contracts) fell 10 [...]

By |2022-04-14T14:54:28+00:00April 12th, 2022|Denton County Home Prices, Denton County Homes For Rent, 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 Lease, DFW Homes For Sale, DFW Real Estate, DFW Relocation, Housing Market, Housing Policy, Monetary Policy, Mortgage Rates|0 Comments
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Mortgage Rates Breach 5% Mark After Brainard Speech

U.S. mortgage rates breached the critical 5 percent level today. Prepared remarks from FOMC dove Lael Brainard spooked the markets into a tailspin sending yields on the 10-year Treasury above 2.56 percent. Average mortgage interest rates quoted from Mortgage News Daily spiked to 5.02 percent. This is the first time rates have been this high since 2018. You may remember that the fourth quarter of 2018 also saw the stock market and real estate markets come unglued before the Fed stepped in to intervene. Unfortunately for real estate bulls, this time is different. Instead of [...]

By |2022-04-06T11:47:53+00:00April 5th, 2022|Denton Tx Home Prices, Denton TX Homes For Sale, Denton TX Real Estate, DFW Home Prices, DFW Homes For Sale, DFW Real Estate, Housing Market, Housing Policy, In the Press, Markets, Monetary Policy, Mortgage Rates|0 Comments
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Collateral Damage Coming to the North Texas Housing Market

Collateral damage in the North Texas housing market is beginning to reveal itself. Inflation is at a fresh 40-year high. Homes have never been more expensive, and interest rates are on the rise. Official consumer price inflation just printed at an annual pace of 7.9 percent. This is with many of the official CPI metrics understating actual inflation. This is also before the spike in global energy markets with the tragedy unfolding in Ukraine. While many housing industry pundits were clinging to the slight drop in mortgage rates last week, that blip is now a [...]

By |2022-03-17T14:46:55+00:00March 10th, 2022|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 Homes For Sale, Denton Tx New Homes, Denton TX Real Estate, DFW Home Prices, DFW New Homes, DFW Real Estate, DFW Relocation, Economy, Housing Market, Housing Policy, Monetary Policy, Mortgage Rates, Real Estate|0 Comments
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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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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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Eagle Creek To Bring Hundreds of New D.R. Horton Homes to South Denton

D.R. Horton's Forestar development group have been turning the dirt for the new Eagle Creek development. The community of Eagle Creek is a multi-phase development that will supply hundreds of new single-family homes during the next few years. Eagle Creek is comprised of a few hundred acres west of the railroad tracks near Borman Elementary and Denia Park. It extends from Rose Lawn Drive on the south up toward Parvin Street on the north end of the development. D.R. Horton currently builds homes in the $300,000-$500,000 range in the Denton area and the homes in [...]

By |2022-01-01T13:21:16+00:00January 1st, 2022|Denton Tx Home Prices, Denton TX Homes For Sale, Denton Tx New Homes, Denton TX Real Estate|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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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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Aaron Layman Realtor Denton County Texas Questions? Call me now at
940-209-2100

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