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Denton Tx Home Prices

New Home Sales Rise Slightly In August to 740,000 SAAR

New home sales for August posted at a seasonally adjusted annual rate (SAAR) of 740,000 units. That was slightly better than expectations. New home sales were 1.5 percent higher for the month, but still down 24.3 percent from August of last year. The median price of a new home in August was $390,900. The average price checked in at $443,200. Census figures showed 6.1 months of new home inventory. Unadjusted figures show 6.2 months of supply. Anyone shopping for a new home understands those headline figures are complete bullocks. Looking into the composition of new [...]

By |2021-09-24T20:14:55+00:00September 24th, 2021|Denton County Real Estate, Denton County Relocation, Denton Tx Home Prices, Denton Tx New Homes, Denton TX Real Estate, DFW Home Prices, DFW New Homes, DFW Real Estate, DFW Relocation, Housing Market, Housing Policy, Monetary Policy, Mortgage Rates, New Home Sales|0 Comments
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Average Denton County Home Costs More Than Half a Million

Denton County home prices shattered records last month. The median price of a home in the area hit $410,000, up 22.4 percent from the same time a year ago. The average price of a Denton County home hit $506,957, shattering the previous high set in June. The new average home price above half a $million was 29.7 percent higher than August of 2020. Average prices for new construction and resale properties hit new records last month as inventory remained in the basement. The number of homes available for sale in Denton County dipped slightly from [...]

By |2021-09-18T20:45:40+00:00September 10th, 2021|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 Real Estate, DFW Real Estate, DFW Relocation, Economy, Housing Market, In the Press, Markets, Monetary Policy, Mortgage Rates, Regulation, Spin Cycle|0 Comments
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New Home Prices Hit Record Highs

The Census Bureau reported new home sales for July at a seasonally adjusted annual rate of 708,000. That was a bit better than official estimates, but still down 27 percent from the same time a year ago. New home prices hit all-time highs in July. The median price of a new home contracted last month rose to $390,500. The average price of new construction hit a new record high of $446,000. The seasonally‐adjusted estimate of new homes for sale at the end of July was 367,000. That figure is a bit misleading because a huge [...]

By |2021-08-24T22:13:02+00:00August 24th, 2021|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 New Homes, Denton TX Real Estate, DFW Home Prices, DFW New Homes, DFW Real Estate, DFW Relocation, New Home Sales|0 Comments
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North Texas Home Sales Taper Before The Fed

North Texas home sales have tapered before the Federal Reserve. The stellar spring selling season is gone, and now we just have the record high prices along with limited inventory. NTREIS stats show that home sales across the Dallas-Fort Worth area declined for the second month in a row in July. Closed sales were down 15 percent, and pending sales were 10 percent lower. After setting records in June, it appears area home prices have also peaked for the time being. Median and average home prices in North Texas slipped last month but were still [...]

By |2021-08-17T10:07:33+00:00August 10th, 2021|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 Homes For Sale, DFW New Homes, DFW Real Estate, DFW Relocation, Housing Market, Monetary Policy, Mortgage Rates|0 Comments
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New Home Sales Decline But Builders Still Cashing In

New home sales posted a sharp decline for the month of June. Don't worry. Builders are still cashing in with healthy profits. The Census Bureau said new home sales (contracts) for June posted at a seasonally adjusted annual rate of 676,000 units. That's 6.6 percent lighter than May and 19.9 percent fewer new home sales than a year ago. According to Census figures, the median price of a new home contracted in June was $361,800. The average price of new construction was $428,700. Even with mortgage interest rates hovering near 3 percent last month that's [...]

By |2021-07-26T17:14:19+00:00July 26th, 2021|Denton County New Homes, Denton County Real Estate, Denton County Relocation, Denton Tx Home Prices, Denton Tx New Homes, Denton TX Real Estate, DFW Home Prices, DFW New Homes, DFW Real Estate, DFW Relocation, Mortgage Rates|0 Comments
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North Texas Home Prices – A Bubble Begging To Be Burst

Jerome Powel and the Federal Reserve are creating another massive housing bubble. The bubble inflated even more in June as the Fed continued with $120 billion per month in asset purchases and the balance sheet hitting $8.1 trillion. The Fed's continued purchases ($40 billion per month) in the mortgage-backed securities market are utterly baffling considering the double-digit housing inflation numbers that keep piling up. So why is the Fed fanning the flames of asset inflation? Here's the primary reason... Lifestyles of the rich and famous Fed officials, most whom are millionaires themselves, are smart enough [...]

By |2021-07-18T11:30:52+00:00July 12th, 2021|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 Lease, Denton TX Homes For Sale, Denton TX Real Estate, DFW Home Prices, DFW Homes For Sale, DFW Real Estate, DFW Relocation, Housing Market, Housing Policy, Monetary Policy, Mortgage Rates|1 Comment
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Denton County Home Price Inflation Breaks New Records

Denton County home price inflation broke new records in May. Median home prices were up 23 percent to a record $395,000. Average prices rose 26 percent to $462,193. That was just shy of the high seen in April. With inventory still sitting near record lows the average percent of list received by home sellers jumped to 104.9 percent in May.  Closed sales rose 18 percent in May, but pending sales were down 13 percent from the same time last year. Pending sales in North Texas were down 7 percent as the market ran out of [...]

By |2021-06-11T19:48:54+00:00June 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|0 Comments
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New Home Sales Rise in March with Continued Fed Stimulus

New home sales continued at a solid pace in March as the Fed poured more stimulus into the markets. The Census Bureau reported new home sales for March at a seasonally adjusted annual rate of 1,021,000. According to Census figures the median price of a new home rose to $330,800. The average price of a new home hit $397,800. The supply of new homes fell to 3.6 months. Stripping out the adjustments, the inventory situation is much worse than that. Inventory under construction is near normal levels, but completed inventory is at record lows. Massive [...]

By |2021-04-25T12:54:04+00:00April 25th, 2021|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 Home Prices, DFW New Homes, DFW Real Estate, DFW Relocation, Housing Market, Mortgage Rates, New Home Sales|0 Comments
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Insanity – Denton County Home Prices Go Parabolic

Denton County home prices went parabolic in March. The median price of a Denton County home rose 16 percent from March of last year. Average prices rose 23.5 percent to a new record of $448,566. The number of homes listed for sale in Denton County crashed 71 percent to only 976 properties. That translates to just 0.7 months of inventory at the current pace of sales. The March figures for closed sales show a 10 percent decrease from a year ago. That's despite a relatively easy year-over-year comparison when Covid put the brakes on the [...]

By |2021-04-19T16:51:05+00:00April 12th, 2021|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, Housing Market, Housing Policy, Mortgage Rates|2 Comments
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North Texas Home Sales Hit A Wall As Inventory Dries Up

North Texas home sales hit a wall in February as inventory available in the market dried up across the Dallas-Fort Worth area. The Fed-fueled mania gripping the local real estate market is now left searching for support at grossly distorted levels. North Texas home sales declined by 6 percent compared to February of last year. Pending home sales fell 13 percent. The supply of homes available for sale has never been lower according to NTREIS statistics going back 20 years. Inventory in the DFW area now stands at a single month of supply at the [...]

By |2021-03-12T14:13:20+00:00March 10th, 2021|Denton County Home Prices, Denton County Homes For Sale, Denton County Real Estate, Denton County Relocation, Denton Tx Home Prices, Denton TX Real Estate, DFW Home Prices, DFW Homes For Sale, DFW Real Estate, DFW Relocation, Housing Market, Monetary Policy, Mortgage Rates, Pending Home Sales, Real Estate, Spin Cycle|0 Comments
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