Denton TX Homes For Lease

/Denton TX Homes For Lease

Denton TX Homes For Lease

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 [...]

LGI Homes’ Beaver Creek In Denton TX A Haven For Wall Street Landlord

The quiet little community of Beaver Creek on the north side of Denton Texas offers a perfect portrait of what's wrong with the current housing market in the United states. Beaver Creek is an LGI Homes community that specializes in affordable starter homes priced in the mid to upper $200's. Having viewed the community earlier this year, I was interested to see how sales would progress since Denton Texas is a popular destination for DFW home shoppers looking for affordable homes. Denton home prices are generally more affordable than the average prices in the Dallas-Fort [...]

Denton TX Residential Lease Market Squeezing Renters

Single-family rents in Denton Texas continue squeeze local renters, and it comes at a time when average home prices are near record highs. For those looking to lease a home this past summer, the available rental options were more expensive than ever. As Denton TX home prices were shooting to record highs this year, the summer demand for single-family lease homes rose like the North Texas triple degree temperatures. During the month of August lease activity in Denton rose 65% year-over-year with the average price of a Denton rental hitting $1599 per month in the [...]

Denton County Home Sales Slide 7% In August

Denton County home sales continued to stagnate in August, sliding 7 percent from the same time last year. Denton area home sales declined a bit more than the DFW area as a whole during August,  likely due to the higher average price points in Denton County. The average price of a Denton County home in August posted at $362,872, almost $50,000 higher than the greater DFW area. Pending sales for August are poised to be down double digits in Denton County, even while inventory creeps higher. With home buyers are looking for affordable housing options, [...]

Denton County Homes For Rent: Less Is More

Denton County renters continued to get squeezed in May with prices for single-family rentals edging up slightly compared to the same time last year. As home price inflation continues to push higher, the average rent per square foot rose a bit faster. In Denton County the average price for a home leased during the month of May registered at roughly $1921. This was essentially unchanged from May of last year, but the price per square foot rose from $0.93 to $0.96. Within the city of Denton where average rents are lower ($1617), the price per [...]

Denton County Home Sales Flat In April Amid Higher Mortgage Rates

Denton County home sales were relatively flat in April compared to the same month in 2017. Preliminary sales figures show a 1 percent decline in closings within Denton County compared to a two percent sales gain in the larger DFW area. Average home prices in Denton County were up 7.5 percent compared to last year, in line with the record high prices seen in recent months. Pending sales, a more forward-looking indicator of future closings also point to some stagnant sales activity ahead. Pending sales in Denton County show to be up 2.7 percent while [...]

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 [...]

ATTOM Misses Big On Single Family Rentals For Dallas, Houston

I'm always curious when sell-side media types tout the glorious returns to be had when it comes to investing in single-family rentals. As if it weren't bad enough that the Federal Reserve has eviscerated housing market fundamentals, there is apparently never enough of a good thing when it comes to hyping up potential real estate riches in our hyper-financialized economy. That brings me to a gloriously entertaining piece from one Andrea Riquier at Marketwatch. The article is "Fancy being a landlord? Here are 10 metros offering double-digit rental returns." And what a story it is! Since [...]