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Housing Market

Texas housing market news

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 [...]

By |2018-09-21T09:31:33+00:00June 22nd, 2018|Denton County Home Prices, Denton County Real Estate, Denton Tx Home Prices, Denton TX Real Estate, DFW Home Prices, DFW Real Estate, Education, Housing Market, Housing Policy, In the Press, Politics, Spin Cycle|0 Comments
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Existing Home Sales Slide For 3rd Consecutive Month

The National Association of Realtors (NAR) says existing home sales in the U.S. decreased in May to a seasonally adjusted annual rate of 5.43 million. This is down from a downwardly revised April figure, and the third consecutive month of declining year-over-year sales. NAR chief economist, Lawrence Yun, seems to be puzzled by the stagnation of sales citing a solid economy and job market: Lawrence Yun, NAR chief economist, says a solid economy and job market should be generating a much stronger sales pace than what has been seen so far this year. “Closings were [...]

By |2019-02-06T01:39:32+00:00June 20th, 2018|Denton County Home Prices, Denton County Homes For Sale, Denton Tx Home Prices, Denton TX Homes For Sale, DFW Home Prices, DFW Homes For Sale, DFW Real Estate, Existing Home Sales, Housing Market, Texas Real Estate|0 Comments
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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 [...]

By |2018-09-21T09:32:41+00:00June 13th, 2018|Denton County Real Estate, Denton TX Real Estate, DFW Real Estate, Education, Housing Market, In the Press, Spin Cycle, Texas Real Estate|0 Comments
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Denton County Home Sales Edge Higher In May

Denton County home sales edged up slightly during May with closed sales rising roughly 3 percent compared to a year ago. Sales of new construction were a bit softer than resales during May due to inventory mixes. The city of Denton saw home sales rise by almost 11 percent in May as lower average price points continued to boost activity. With the Federal Reserve poised to hike rates again this week, it's all about interest rates and affordability. The greater DFW area saw relatively flat home sales volume in May. Although new home builders were [...]

By |2018-09-21T09:33:36+00:00June 11th, 2018|Dallas Tx Home Prices, Denton County Home Prices, Denton County Homes For Sale, Denton County Real Estate, Denton TX Homes For Sale, Denton TX Real Estate, DFW Home Prices, DFW Homes For Sale, DFW Real Estate, Housing Market, Mortgage Rates|0 Comments
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Denton TX Mortgages – Lock Your Rate Or Not?

Should you lock your Denton TX mortgage interest rate at the time of application? If you are buying a home, it's a difficult question to answer. As early as last week Treasury bears were screaming at the rooftops that yields (and by default mortgage rates) were going to shoot higher, as evidenced by the 10-year Treasury crossing a supposed line in the sand above 3%. What a difference a few days makes! This morning the yield on the benchmark 10-Year Treasury dipped to 2.82 percent, retracing 29 basis points from the recent "line in the [...]

By |2022-01-05T03:39:00+00:00May 29th, 2018|Denton County Real Estate, Denton TX Real Estate, DFW Real Estate, Economy, Housing Market, Mortgage Rates, Mortgages, Real Estate, Texas Real Estate|0 Comments
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April Existing Home Sales Soften 2.5%

The National Association of Realtors reported a 2.5 percent slide in existing home sales for April. That translates to a 1.4 percent decline compared to last year. According to NAR the median price of an existing home sold in April was $257,900, a rise  of 5.3 percent compared to last year. The average price of an existing home was $297,300, an increase of 3.3 percent compared to last year. NAR chief economist, Lawrence Yun, blamed low inventory for the sluggish April sales... “The root cause of the underperforming sales activity in much of the country [...]

By |2019-02-06T01:40:57+00:00May 24th, 2018|Denton County Home Prices, Denton County Real Estate, DFW Home Prices, DFW Real Estate, Existing Home Sales, Housing Market, Housing Policy, In the Press, Politics, Spin Cycle, Texas Real Estate|0 Comments
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New Home Sales Rise Less Than Expected In April

The Census Bureau reported new home sales for April that were a little lighter than expected. April new home sales posted at a seasonally adjusted annual rate of 662,000. The previous three months were revised lower, with March sales seeing a significant downward revision. The average price of a new home contracted in April was $407,300, a sharp increase from the same time a year ago. The median price of a new home sold (contract signing) was roughly flat at $312,400. That dramatically higher average contract price in April offers a good clue as to [...]

By |2018-05-23T18:28:43+00:00May 23rd, 2018|Denton County Home Prices, Denton County New Homes, Denton Tx New Homes, DFW Home Prices, DFW New Homes, Housing Market, Mortgage Rates, New Home Sales|0 Comments
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Toll Brothers Stock Trips On Higher Cancellation Rate

Luxury home builder Toll Brothers reported fiscal second quarter results today, and Mr. Market was not amused. Toll Brothers net income declined for the latest quarter as did income from operations. Income from operations fell from 10.1 percent of revenues last year to 8.4 percent of revenues in Q2 2018. Perhaps more concerning was the jump in Toll's cancellation rate, rising from 3.5 percent last year to 5.2 percent in the second quarter of 2018. While the absolute percentage may seem small, this is actually a significant development when you consider that Toll can be extremely [...]

By |2018-05-22T15:25:47+00:00May 22nd, 2018|Denton County New Homes, Denton Tx New Homes, DFW New Homes, Economy, Housing Market, In the Press, Markets, Mortgage Rates|0 Comments
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Denton TX Mortgage Rates Highest In 7 Years

Denton TX mortgage rates reached their highest levels in 7 years according to the latest weekly survey data from Freddie Mac. With Denton area home prices at record levels home sales activity and prices could soon be affected. As I have detailed in previous posts, you can already see this happening in many of the more expensive DFW submarkets. It is rather ironic that the Fed's latest Quarterly Report On Household Debt and Credit shows that debt rose for a 15th consecutive quarter with the latest increase fueled by mortgages and student loans. The real [...]

By |2020-03-28T14:43:05+00:00May 17th, 2018|Denton County Home Prices, Denton County New Homes, Denton County Real Estate, Denton Tx Home Prices, Denton TX Homes For Sale, Denton Tx New Homes, DFW Home Prices, DFW New Homes, DFW Real Estate, Housing Market, In the Press, Mortgage Rates|0 Comments
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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 [...]

By |2018-05-14T15:40:21+00:00May 11th, 2018|Dallas Tx Home Prices, Denton County Home Prices, Denton County Homes For Rent, Denton County New Homes, Denton County Real Estate, Denton TX Homes For Lease, Denton TX Homes For Sale, Denton Tx New Homes, DFW Home Prices, DFW Homes For Lease, DFW Homes For Sale, DFW Real Estate, Housing Market, Mortgage Rates|0 Comments
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