housing policy
North Texas Housing Market Correction Gets Real
The North Texas housing market correction continues to cause more pain. Median home prices across Denton County collapsed 9.2 percent year-over-year in November. Average prices are down 8.7 percent from last year. Closed sales were down 12 percent from a year ago. With the sharp drop in prices, pending contracts managed a 3 percent increase. As we say in the business, "Price cures all defects". That's certainly true in today's market. Sellers Still in Denial Many prospective sellers were getting their wings clipped this year. We can see this in the cancelled and expired listings. [...]












