Denton TX Homes For Lease

Denton TX Homes For Lease

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. Many 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 [...]

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 [...]

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