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Economy

Economic Issues Affecting Texas Housing Markets

DR Horton Posts Higher Sales And Orders On Lower Average Prices

Dallas-Fort Worth-based DR Horton released fourth quarter numbers showing an 11 percent increase in home closings for the latest three months ending September 30. The company also posted a 11 percent jump in new net sales orders for the fiscal fourth quarter. With 51,857 homes sold during the past year, DR Horton still edges out Lennar as the country's largest home builder by volume. While DR Horton posted solid results on new home sales and profitability in the latest quarter, the housing slowdown is still evident digging into the company's latest numbers. In the midst [...]

By |2021-07-05T13:47:45+00:00November 8th, 2018|Denton County New Homes, Denton County Real Estate, Denton Tx New Homes, Denton TX Real Estate, DFW New Homes, DFW Real Estate, Economy, In the Press, Markets, Mortgage Rates, New Home Sales, Spin Cycle|0 Comments
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High End Dallas-Fort Worth Real Estate Could Get Crushed

As I detailed yesterday, the Dallas-Fort Worth real estate market fell out of bed last month. With pending home sales registered to post some of the worst numbers in years and inventory marching higher across the Dallas Fort Worth area, it is painfully clear that that the real economy in the DFW area is more fragile than the sell-side pundits would have us believe. I'm not surprised, because I cover the hype and spin in the real estate sector regularly on this blog. In a recent interview with Bloomberg, 'Black Swan' author Nassim Taleb specifically [...]

By |2020-03-28T14:49:20+00:00November 5th, 2018|DFW Home Prices, DFW Homes For Sale, DFW Real Estate, Economy, Housing Market, In the Press, Mortgage Rates, Spin Cycle, Video|1 Comment
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October Swoon Suggests Denton County Real Estate Market Correction Just Getting Started

Denton County's real estate market is going to post some very soft numbers again for October. Both closed and pending home sales are going to be down year-over-year while pending home sales are likely going to post a double-digit decline not just in Denton County, but for the entire Dallas-Fort Worth housing market. OUCH! Available home inventory is shooting higher across the DFW area. While notable economists at the Federal Reserve, local real estate "professionals" and even the "experts" at the RECenter at Texas A&M have been dismissing recent developments as just a cooling off [...]

By |2022-01-05T03:37:34+00:00November 4th, 2018|Dallas Tx Employment, Denton County Home Prices, Denton County Real Estate, Denton Tx Home Prices, Denton TX Real Estate, DFW Home Prices, DFW Real Estate, Economy, Housing Market, Housing Policy, Humor, In the Press, Mortgage Rates, Real Estate, Spin Cycle, Texas Real Estate|0 Comments
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Hoisington Q3 Update – Deflationary Wave Of Debt Will Stifle Yields

The deflationary wave of debt growing within multiple facets of the U.S. economy will stifle yields. That's the gist of Van Hoisington and Lacy Hunt's latest third quarter Review and Outlook. As the market was puking on the latest surge in Treasury yields above 3%, I couldn't help but notice that the publicly traded homebuilders were getting crushed yet again. With the Freddie Mac 30-year mortgage rate touching 4.9 percent this week (levels not seen in 7 years), things were getting even uglier for the housing sector. There was nowhere to hide this week if [...]

By |2020-09-22T15:48:11+00:00October 13th, 2018|Denton County Real Estate, Denton TX Real Estate, DFW Real Estate, Economy, Housing Market, Housing Policy, In the Press, Markets, Mortgage Rates, Mortgages, New Home Sales, Politics, Spin Cycle|0 Comments
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Yield Surge Hits Already Beaten Down Homebuilder Stocks

The yield surge experienced this week certainly took its toll on homebuilder stocks. As the yield on the benchmark U.S.  10 -Year Treasury eclipsed 3.2 percent this week, you could hear the air coming out of the publicly traded homebuilder sector. The Dow Jones U.S. Home Construction Index was down 27% as of yesterday's close. The year-to-date declines in the stocks of publicly traded homebuilders certainly don't echo the "remarkably positive" economic circumstances that Fed chair Jerome Powell was playing up this week. I can only assume he was referring to the Wall Street bonus [...]

By |2019-02-06T01:38:23+00:00October 5th, 2018|Denton County Home Prices, Denton County New Homes, Denton County Real Estate, Denton Tx Home Prices, Denton Tx New Homes, Denton TX Real Estate, DFW Home Prices, DFW New Homes, DFW Real Estate, Economy, Housing Market, In the Press, Markets|1 Comment
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10 Years After The Housing Crash, Dallas-Fort Worth Experiencing Consequences Of Policy Failures

10 years after the housing crash and the Great Recession that nearly brought the world economy to its knees, the adults in the room are still pretending that everything is normal. If you read the Dallas Morning News and the spin of many professional economists, the DFW real estate market has emerged from the wreckage 10 years ago relatively unscathed. With DFW home prices at record highs, most housing pundits are eager to suggest everything is awesome. Apparently the recent rise in home inventories is just blip in an otherwise normalization of the formerly red [...]

By |2022-01-05T03:38:16+00:00September 16th, 2018|Denton County Home Prices, Denton County Real Estate, Denton TX Real Estate, DFW Home Prices, DFW Real Estate, Economy, Education, Housing Market, Housing Policy, In the Press, Markets, Mortgage Rates, Politics, Regulation, Spin Cycle, Texas Real Estate|1 Comment
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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, [...]

By |2018-09-21T09:26:59+00:00September 11th, 2018|Denton County Home Prices, Denton County Homes For Sale, Denton County Real Estate, Denton Tx Home Prices, Denton TX Homes For Lease, Denton TX Real Estate, DFW Home Prices, DFW Homes For Sale, DFW Real Estate, Economy, Housing Market, Mortgage Rates, Texas Real Estate|0 Comments
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Denton County Home Inventory Climbs 17% As Sales Stagnate

The supply of homes for sale in Denton County TX continues to climb, even as area home sales stagnate. Recent data point to a 17 percent increase in the number of homes available for sale in Denton County compared to this time last year.  Home inventory in nearby Collin County is 21 percent higher than August of last year. Other major metro U.S. markets are seeing home inventory increase by as much as 90 percent. This was an inevitable point in the latest housing market cycle, for reasons that were obvious to anyone paying attention. [...]

By |2020-03-28T14:41:03+00:00August 30th, 2018|Denton County Home Prices, Denton County Homes For Sale, Denton County Real Estate, Denton TX Homes For Sale, Denton TX Real Estate, DFW Homes For Sale, DFW Real Estate, Economy, Housing Market, Politics, Relocation, Spin Cycle|1 Comment
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Look For Dallas Fort Worth Employment Engine To Cool

The Dallas Fort Worth employment engine could be cooling off after consecutive years of impressive growth. The latest numbers from the Texas Workforce Commission were still solid for July, reflective of the typical summer turnover, but there are headwinds now blowing against DFW job sector growth. Dallas Fed economists have miraculously figured out that previous employment growth projections for Texas were probably overstated. They have since dialed back their job growth forecast to 2.7%, down from the previous forecast of 3.0% released just last month. While it may catch many local economists off guard, the [...]

By |2019-10-24T22:05:46+00:00August 20th, 2018|Dallas Tx Employment, Dallas Tx Home Prices, Denton County Home Prices, Denton County Real Estate, DFW Home Prices, DFW Homes For Sale, DFW Real Estate, Economy, Texas Real Estate|0 Comments
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Denton TX Home Sales Hit The Breaks In July

Denton TX home sales hit the breaks in July. It would appear that the summer selling season peaked a little sooner than normal in the Denton County area this year. It looks like both the city of Denton and the greater Denton County area saw home sales volume peak in June. Closed home sales in the city of Denton are off by 20 percent according to preliminary stats this morning. Pending home sales in Denton are off by 10 percent. Denton County looks like it will squeak out a 1 percent sales increase for July, [...]

By |2018-09-21T09:28:46+00:00August 12th, 2018|Denton TX Real Estate, Economy, Texas Real Estate|0 Comments
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