Economic Issues Affecting Texas Housing Markets
Denton County Home Prices Turn Lower
Denton County home prices turned lower in August. Plentiful inventory and more economic uncertainty continued to weigh on the local real estate market. Consumers appear to be caught between a rock and a hard place with a softening job market and above-normal inflation. Mortgage rates have improved, but not enough to make a significant difference. Median home prices were 9.4 percent lower year-over-year across Denton County. Median single-family home prices declined by 10.2 percent compared to last year. There are still plenty of homes for sale in North Texas even after resale speculators pulled their [...]