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RECenter A&M Economists Still Wasting Texas Realtors’ Money

RECenter at A&M economists and data junkies are still wasting the dues of Texas Realtors that pay a good chunk of their salaries. It seems the Real Estate Center at Texas A&M economists are phase-locked in a myopic pursuit to somehow rationalize or justify the status quo situation with Texas housing. "Intellectual Phase-Locking is a condition that results when dogmatic 'scientific' assumptions inhibit further inquiry." Rupert Sheldrake Last year I wrote about some of the interesting details on the Real Estate Center at Texas A&M and their funding. I have also clued readers in on the [...]

Zero-Down Mortgages Return With New Names

Surprise! Zero-down mortgages are back! Just when you thought we had learned the lessons of the subprime mortgage meltdown nearly a decade ago, along come new twists on an old formula. The recipe is pretty simple, and the inevitable outcomes are fairly predictable, yet that won't deter some people from making irrational decisions when it comes to the fear of missing out (FOMO). The latest strategies to put cash-strapped buyers into homes they probably can't afford are similar to crowdfunding. HomeFundMe is an example of one such program where buyers can solicit donations for a [...]

Autopsy Report For Affordable Housing In Dallas Fort Worth

An autopsy report for affordable homes in Dallas-Fort Worth reveals the steady evaporation of affordable housing inventory in the DFW area. Recent data show that housing prices in the U.S. are currently at their least affordable levels since the financial crisis. The latest numbers on existing home sales showed that the median price of a home hit a new all-time high. So how did this all happen? Was it an accident? Is it due to our smashingly great economy? Let's find out. As investors and speculators have gobbled up lower-priced homes across the country to [...]

The 9 Percent DFW Home Sales Gain That Didn’t Happen

The Dallas Morning News continues to allow real estate editor Steve Brown some serious latitude with the truth when it comes to DFW home sales. In the latest article on May home sales Mr. Brown would apparently have you believe that "11,302 preowned single-family homes" traded hands in May. Unfortunately that didn't happen! You would think that Dallas' largest newspaper would have the resources to fact-check the rubbish Mr. Brown is printing in the digital edition of the paper, but apparently that is asking too much. The Dallas Morning News real estate desk is quoting [...]

Denton ISD Housing Activity Poised For Future Growth

The Denton Independent School District board of trustees received their quarterly growth report at the last school board meeting. The Q1 report from Templeton Demographics highlights current district growth patterns as well as future lot development within Denton ISD's 180 square mile boundary. There are also some interesting statistics on Denton home prices and Denton homes for sale. Some of the more interesting highlights from the demographic report include: Student Enrollment within Denton ISD stands at 29,420 Unemployment rate of 3.2% within Denton ISD, compared to 3.7% for the DFW MSA Over 32,000 future new [...]

Voters Approve $750 Million Denton ISD Bond Package

Voters overwhelmingly approved Denton ISD's $750.5 million bond package in the May 5 election. The bond package for new facilities and improvements within the Denton Independent School District was approved with almost 75 percent of voters favoring the measure. Approval of the bond package will not change the district's tax rate of 1.54 percent. The $750 Denton ISD bond package contains roughly $215 million in growth projects, including Middle School #9, Elementary School # 25, new transportation facilities, additions to Guyer High School, and other improvements such as new tennis courts at high schools. In [...]

Signs That You Chose The Wrong Denton County TX Realtor

I am often contacted by buyers or sellers who want my help or suggestions when they are already being represented by other companies or real estate brokers. It's the nature of the business, and the stories are often frustrating, sometimes infuriating. If only they had called me before hiring another broker! Today's story is a perfect example of why you should choose your Denton County Realtor very carefully. My day started on rather interesting note when I opened my inbox to get a message from another Realtor who apparently needed help finding a new 3-bedroom [...]

The Fed Has Successfully Destroyed The U.S. Housing Market

A few days ago a friend of mine sent me a link to some "insight" on the coming economic developments that we should be preparing for in terms of debts and deficits. The company providing this research piece has over a $trillion in assets under management. Since I have a healthy skepticism of anything the financial "services" industry is selling I decided to give it a read. It was very informative, partly due to a complete fundamental ignorance of basic economics, but also because of an obvious contradiction with the author's stated assumptions. As I [...]

Dallas Morning News Circulation Decline Might Reflect Quality Of Content

The circulation decline at the Dallas Morning News during the last few years might have something to do with the quality of the content. This is just the opinion of your humble blogger. According to Statista, the circulation of the DMN dropped in each of last three years for both daily and Sunday papers. Circulation of Dallas' largest paper still edges out the Houston Chronicle, but that's not saying much. While the number of readers of both papers is significantly higher, it appears fewer people are paying for the old print newspaper. Looking a the [...]

Markets Wobbling As Fed Normalization Hits $30 Billion Per Month In Q2

The markets were wobbling again this week, but regardless, the Fed normalization will hit $30 billion per month in April. I must confess that I get a good laugh when I hear market apologists and real estate pundits talk up the magnificent economy and housing market we are blessed with in Texas. Yes, things are pretty good here in the Lone Star State, and the DFW housing market still seems to have legs. Unfortunately the real economy is not nearly as robust as many talking heads and sell-side practitioners would have you believe. The March employment [...]