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Housing Policy

housing policy

North Texas Home Prices – A Bubble Begging To Be Burst

Jerome Powel and the Federal Reserve are creating another massive housing bubble. The bubble inflated even more in June as the Fed continued with $120 billion per month in asset purchases and the balance sheet hitting $8.1 trillion. The Fed's continued purchases ($40 billion per month) in the mortgage-backed securities market are utterly baffling considering the double-digit housing inflation numbers that keep piling up. So why is the Fed fanning the flames of asset inflation? Here's the primary reason... Lifestyles of the rich and famous Fed officials, most whom are millionaires themselves, are smart enough [...]

By |2021-07-18T11:30:52+00:00July 12th, 2021|Denton County Home Prices, Denton County Homes For Rent, Denton County Homes For Sale, Denton County Real Estate, Denton County Relocation, Denton Tx Home Prices, Denton TX Homes For Lease, Denton TX Homes For Sale, Denton TX Real Estate, DFW Home Prices, DFW Homes For Sale, DFW Real Estate, DFW Relocation, Housing Market, Housing Policy, Monetary Policy, Mortgage Rates|1 Comment
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North Texas Home Prices Defy Fed’s Transitory Narrative

North Texas home prices continue to defy the Fed's transitory narrative. While Jerome Powell and various FOMC officials waffle back and forth on continued stimulus, DFW homes are becoming more unaffordable. NTREIS figures for April show the median price of a DFW home jumping 17.4 percent to a record $317,000. The average price of a North Texas home hit a new record of $397,582. That was a jump of 26.8 percent from the same time a year ago. Those numbers make a mockery of Powell's ridiculous 2 percent inflation targets over the longer term. Home [...]

By |2021-05-14T15:10:40+00:00May 10th, 2021|Denton County Employment, Denton County Home Prices, Denton County Homes For Sale, Denton County New Homes, Denton County Real Estate, Denton County Relocation, Denton TX Homes For Sale, Denton Tx New Homes, Denton TX Real Estate, DFW Home Prices, DFW Homes For Sale, DFW Real Estate, DFW Relocation, Housing Market, Housing Policy, In the Press, Monetary Policy, Mortgage Rates, Relocation|0 Comments
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Powell Inflating the Housing Market with Fed MBS Purchases

Pinocchio Powell has no answer as to why the Federal Reserve is still inflating the housing market with MBS purchases to the tune of $40 billion per month. Despite a ridiculously overheated housing market with no inventory and double-digit price increases the Federal Reserve is going to continue the purchase of mortgage-backed-securities.  The latest FOMC statement and press conference just confirmed more of the same from the Powell Fed. "Overall financial conditions remain accommodative, in part reflecting policy measures to support the economy and the flow of credit to U.S. households and businesses. The path [...]

By |2021-04-29T14:51:31+00:00April 29th, 2021|Denton County Home Prices, Denton County Real Estate, DFW Home Prices, DFW Real Estate, Housing Policy, Humor, Markets, Monetary Policy, Mortgage Rates, Politics, Spin Cycle, Video|0 Comments
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Insanity – Denton County Home Prices Go Parabolic

Denton County home prices went parabolic in March. The median price of a Denton County home rose 16 percent from March of last year. Average prices rose 23.5 percent to a new record of $448,566. The number of homes listed for sale in Denton County crashed 71 percent to only 976 properties. That translates to just 0.7 months of inventory at the current pace of sales. The March figures for closed sales show a 10 percent decrease from a year ago. That's despite a relatively easy year-over-year comparison when Covid put the brakes on the [...]

By |2021-04-19T16:51:05+00:00April 12th, 2021|Denton County Real Estate, Denton County Relocation, Denton Tx Home Prices, Denton TX Homes For Sale, Denton TX Real Estate, DFW Home Prices, DFW Homes For Sale, DFW Real Estate, DFW Relocation, Housing Market, Housing Policy, Mortgage Rates|2 Comments
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New Home Sales Exceed Expectations With Powell Priming The Pump

The Census Bureau reported new home sales for January at a seasonally adjusted annual rate of 923,000 units. That's a 4.3 percent increase from revised December figures and 19.3 percent higher than January of last year. Previous months were also revised higher. The median price of a new home came in at $346,400. The average price of a new home contracted in January was $408,800. That's a new record high for average new home prices in the U.S....in January. The supply of new homes available for sale dipped to 4.0 months. New home sales in [...]

By |2021-02-25T12:20:15+00:00February 24th, 2021|Denton County Home Prices, Denton County New Homes, Denton County Real Estate, Denton Tx Home Prices, Denton Tx New Homes, DFW Home Prices, DFW New Homes, DFW Real Estate, Housing Policy, Monetary Policy, Mortgage Rates, New Home Sales|0 Comments
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Denton County Housing Market Now Dependent On Fed Liquidity

The Denton County housing market is now a dependent of the Fed. Over 3 $trillion in quantitative easing has ramped home prices to record highs while driving inventory to record lows. North Texas housing no longer resembles a normal market. Borrowers can now be in COVID mortgage forbearance for up to 15 months while the Fed is busy blowing another massive asset bubble. The American Enterprise Institute has called out the Federal Reserve for blatantly distorting the housing market, but the Fed is still flooding the system with liquidity. Some FOMC officials are calling for [...]

By |2021-02-11T14:25:50+00:00February 10th, 2021|Denton County Home Prices, Denton County Homes For Sale, Denton County New Homes, Denton County Real Estate, Denton County Relocation, Denton Tx Home Prices, Denton TX Real Estate, DFW Home Prices, DFW Homes For Sale, DFW New Homes, DFW Real Estate, DFW Relocation, Housing Market, Housing Policy, In the Press, Monetary Policy, Mortgage Rates|0 Comments
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AEI: The Fed is Misdiagnosing Monetary Policy’s Effect on the Housing Market

The American Enterprise Institute is taking the Federal Reserve to task for its bubble-blowing monetary policy. The AEI' latest report on housing market indicators is a wonderful composition detailing how Federal Reserve monetary policy has fueled massive home price appreciation and speculation in the the U.S. housing market. It's refreshing to see that others calling the Powell Fed out for blatantly obvious asset price distortions. With Powell continuing the denial and misdirection, the problems are likely to get worse before they get better. I would encourage you to read the entire AEI Housing Center report [...]

By |2021-02-03T15:15:20+00:00February 3rd, 2021|Dallas Tx Home Prices, Denton County Home Prices, Denton County Real Estate, Denton Tx Home Prices, DFW Home Prices, Economy, Education, Housing Market, Housing Policy, In the Press, Monetary Policy, Mortgage Rates, Real Estate, Regulation, Spin Cycle|1 Comment
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New Home Sales Rise Slightly, Up 15.2 Percent Year-over-Year

New home sales rose 1.6 percent in December according to Census estimates. The seasonally adjusted annual rate of 842,000 translates into a 15.2 percent increase from December of 2019. The median price of a new home sold in December 2020 was $355,900. The average price was $394,900. The median price of a new U.S. home rose $26,400, or 8 percent in the middle of a global pandemic even as millions of Americans were losing their jobs. If that's not a testament to the power of central bank liquidity, I don't know what is. The inventory [...]

By |2021-01-29T13:30:45+00:00January 28th, 2021|Denton County Home Prices, Denton County New Homes, Denton County Real Estate, Denton County Relocation, Denton Tx Home Prices, Denton Tx New Homes, Denton TX Real Estate, DFW Home Prices, DFW New Homes, DFW Real Estate, DFW Relocation, Economy, Housing Market, Housing Policy, Markets, Mortgage Rates, New Home Sales|0 Comments
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Bombshell: Houston Agents Caught Steering Buyers Away From Homes With Lower Commissions

On November 2020 the National Association of Realtors settled its antitrust case with the Department of Justice, agreeing to a number of reforms over how MLS boards operate. The settlement also addressed how Realtors compete in their local markets. We now have more understanding of why the case was filed, and why it was settled. The Houston Chronicle is reporting on how several Houston area agents were caught on tape steering buyers away from homes which did not offer three percent commissions. Last year the Department of Justice announced the lawsuit against NAR and the [...]

By |2021-01-14T11:59:19+00:00January 13th, 2021|Denton County Real Estate, Denton TX Real Estate, Housing Market, Housing Policy, In the Press, Real Estate, Regulation, Spin Cycle, Texas Real Estate|2 Comments
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North Texas Housing Bubble Gasping For Air

The North Texas housing bubble was gasping for air in December. Inventory continued to dry up across the Dallas Fort Worth market, helping to push median and average home prices up 9.7 percent and 12.3 percent respectively. Prices on a per square foot basis hit fresh new highs in North Texas as 2020 came to a close. Ironically we saw a bevy of Federal Reserve officials calling for more inflation in the economy last week while home prices were posting double-digit year-over-year gains. North Texas home sales were up 16 percent from December of 2019. [...]

By |2021-01-18T12:19:32+00:00January 11th, 2021|Denton County Homes For Sale, Denton County New Homes, Denton County Real Estate, Denton County Relocation, Denton Tx Home Prices, Denton TX Homes For Sale, Denton TX Real Estate, DFW Home Prices, DFW Homes For Sale, DFW Real Estate, DFW Relocation, Economy, Housing Market, Housing Policy, Mortgages|2 Comments
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