Denton TX Homes For Lease

Denton TX Homes For Lease

Fed Policy Errors Slam North Texas Housing Market

The Fed Policy errors continue to slam the north Texas housing market. Home affordability remains near historic lows, and inflation is still percolating through the U.S. economy. This is despite two rate cuts from the Powell Fed in the second half of 2024. Mortgage interest rates are up nearly a full percentage point since the Fed's ill-advised 50-basis-point cut in September. The yield on the 10-year Treasury is up roughly 115 basis points. The December unemployment report made it clear inflation is still a thing. The U.S. economy is still humming along with inflated asset [...]

Denton County Housing Market Perks Up

Denton County's housing market perked up in November. Post-election enthusiasm and renewed animal spirits helped push home sales up 10 percent. Median home prices jumped 2.2 percent year-over-year in November. Average prices rose even more, but the disconnect in the market continued. Wealthy property owners continue to skew the overall picture of the North Texas housing market. Area land prices are still grossly inflated. The housing market isn't nearly as healthy as many agents would have you believe. The jump in sales activity is certainly welcome, but it would be foolish (spelled intellectually dishonest) to [...]

Something’s Gotta Give – Home Prices or Mortgage Rates

Something's gotta give in terms of mortgage rates or home prices. While many agents and loan officers were cheering a 50 basis point rate cut from the Federal Reserve in September, the bond markets smelled a rat. Mortgage rates responded by actually rising by a half point since the Fed's announcement. This halted recent improvement in sales activity. It will also have an effect on home prices now that forward expectations are receiving a dose of reality. The reality is that inflation isn't dead, not by a long shot. Some real estate industry practitioners were [...]

Inflated Prices Curb Denton County Home Sales

Inflated prices continue to curb Denton County home sales. Prevailing mortgage rates are at the lowest levels we've seen in 19 months, but that hasn't helped sales activity. Closed sales were down 7 percent year-over-year in the DFW area. Sales were 9 percent lower across Denton County, while pending sales contracts slid 11 percent. It might have something to do with the prices. Average home prices in Denton County were up 5.7 percent from a year ago, flirting with that spring 2022 bubble top again. Official stats show we still haven't taken out the May [...]

Sharp Rebound in North Texas Home Inventory

North Texas home inventory has experienced a sharp rebound in 2024. The savagely unhealthy housing market and a buyers' strike have helped to replenish available housing stock this year. The key has been a dramatic turnaround in existing home inventory. Across the DFW area, existing home supply has rebounded sharply this year. Here's a county-level summary of the resale inventory increases in the Dallas-Fort Worth area through July 2024: Dallas County - Up 63.6% Year-over-Year (3.6 months of supply) Tarrant County - Up 59.1% (3.5 months of supply) Collin County - Up 69.6% (3.9 months [...]

Denton County Home Sales Hit 11-Year Low

Denton County home sales slid to an 11-year low in June. Closed sales continued to stagnate with mortgage rates still hovering near seven percent. Home prices were near all-time highs. The confusing mix of housing unaffordability pushed more more buyers to the sidelines. Closings were 14 percent lower year-over year. Average home prices in Denton County moved up 4.1 percent to $589,000 in June. Pending contracts slid 13 percent year-over-year in June. With sluggish sales, available home inventory perked up significantly last month. Months of supply in Denton County shot up 36 percent from a [...]

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 [...]

NexMetro Eyes 215 Build-To-Rent Units In Avilla Fairways On Lake Sharon Dr

Build-to-Rent developer NexMetro Communities is eyeing 215 units for Avilla Fairways. The planned development would be located along Lake Sharon between Oakmont Dr and Barrel Strap (aka 2499). The detached rentals in Avilla Fairways would consist of a mix of 1-bedroom, 2-bedroom and 3-bedroom units. The recent Lake Sharon extension opened up this tract of land on the north side of the street making the project possible. Owners of Lake Sharon Estates to the south and the Larkspur at Oakmont to the north could soon be looking at a crop of new build-to-rent homes instead [...]

High-Income Renter Households Growing Faster In DFW

High-income households choosing to rent in the DFW area are growing faster than owner-occupied households. This is the news from a RentCafe picture of wealthy renter households in top U.S. cities. According to RentCafe, households making more than $150,000 have seen a 175 percent increase in renter-household growth between 2007 and 2017, comprising roughly 1.35 million households. Shifts in buyer mentality, housing availability, changing demographics and other factors are at play. It doesn't help that Federal Reserve policy has grossly distorted the U.S. housing market in many ways, causing affordable inventory shortages in many markets. [...]

Denton TX Rents End Year Slightly Lower, Leasing Activity Subdued

The average price of a single-family rental home in Denton  Texas was $1629 in December 2018. As the year came to a close single-family leasing activity was relatively flat compared to a year ago, with average prices that were slightly lower. Denton County experienced a 14 percent drop in leasing activity in December 2018, but prices were higher compared to last year. As the Dallas-Fort Worth real estate market enters 2019 in correction mode, it will be interesting to see how the residential lease market unfolds. For the time being average prices are still holding [...]

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