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Real Estate

New Home Builders Clipped By Weak Order Growth

New home builders had a relatively rough week with several major publicly-traded builders experiencing some nasty haircuts in their stock prices. With the exception of DR Horton, it wasn't a good week for home builder stocks. While Facebook and Twitter were seeing record drops in their share prices, new home builders were also experiencing a hangover from weak growth in new home orders. The Dow Jones Home Construction Index has trended lower for most of the year, down almost 18 percent year-to-date. It doesn't take a rocket scientist to understand why the index peaked just [...]

By |2018-08-12T13:50:56+00:00July 28th, 2018|Denton County New Homes, DFW New Homes, DFW Real Estate, Economy, Housing Market, Housing Policy, In the Press, Mortgage Rates, New Home Sales, Real Estate|0 Comments
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Foreign Buyers Purchasing Fewer U.S. Homes In 2018

The latest 'Profile of International Transactions in U.S. Residential Real Estate 2018' shows that foreign buyers were purchasing fewer U.S. homes and for lower average prices compared to the same 12-month period. The latest survey from the National Association of Realtors covers April 2017 through March 2018. Some of the highlights include A decrease in purchases from $153 billion to $121 billion A unit decrease from 284,500 properties to 266,800 An average price decrease from $536,900 to $454,400 Texas accounted for 9 percent of foreign purchases of homes, behind Florida (19%) and California (14%) For [...]

By |2021-07-05T13:48:05+00:00July 27th, 2018|DFW Real Estate, Housing Market, In the Press, International Real Estate, Markets, Real Estate, Texas Real Estate|0 Comments
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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 [...]

By |2018-09-21T09:29:31+00:00July 22nd, 2018|Dallas Tx Home Prices, 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, Politics, Real Estate, Spin Cycle, Texas Home Prices, Texas Real Estate|0 Comments
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New Home Sales Increase To 689,000 Annual Rate In May

The Census Bureau reported new home sales for May at a seasonally adjusted annual rate of 689,000 units. This was above forecasts, but previous months were revised lower. According to Census figures the median price of a new single-family home sold in May was $313,000, more than $10,600 LESS than last year's median price. The average price of a new home contracted in May was $368,500, or $9,900 less than May of last year. Putting the May numbers from Census into context with local new home sales, the numbers look plausible. May was a pretty [...]

By |2018-06-25T16:51:36+00:00June 25th, 2018|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 Market, Mortgage Rates, New Home Sales, Real Estate|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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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 [...]

By |2018-04-18T15:49:01+00:00April 18th, 2018|DFW Real Estate, Education, Housing Market, In the Press, Real Estate, Spin Cycle, Texas Real Estate|0 Comments
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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 [...]

By |2018-04-06T23:20:16+00:00April 6th, 2018|DFW Home Prices, DFW Real Estate, Economy, Education, Markets, Mortgage Rates, Politics, Real Estate, Spin Cycle, Texas Employment, Texas Home Prices, Texas Real Estate|0 Comments
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Lennar Homes Posts Solid First Quarter After CalAtlantic Acquisition

Lennar Homes delivered 6765 homes during the first quarter of 2018, the first fiscal quarter capturing a portion of the CalAtlantic acquisition. New orders at Lennar jumped 30% with a dollar value of $3.4 billion. After absorbing CalAtlantic Homes, the combined company now boasts a backlog of 17,566 homes with a combined value of $7.7 billion. Contributing to that huge backlog were 7190 homes from CalAtlantic worth an estimated $3.6 billion. Lennar is now America's largest home builder looking at the total dollar value of homes. We'll have to wait for 2nd quarter results fully [...]

By |2018-04-06T13:30:34+00:00April 6th, 2018|Collin County Home Prices, Dallas Tx Home Prices, Denton County Home Prices, Denton County Real Estate, Denton Tx Home Prices, Denton Tx New Homes, DFW Home Prices, DFW New Homes, DFW Real Estate, Housing Market, Mortgage Rates, New Home Sales, Real Estate|0 Comments
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U.S. New Home Sales Flat In February

The Census Bureau reported new home sales for February at a seasonally adjusted annual rate of 618,000. This was slightly below expectations, but January was revised significantly higher so month over month the change was negligible. Compared to last year new home sales in February were up less than one percent. The median price for a new home contracted (signing of contract, not actually closing) was $326,800 while the average price of a new home last month posted at $376,700. The supply of new homes stood at 5.9 months in February, near the top of [...]

By |2018-03-23T18:29:05+00:00March 23rd, 2018|Collin County Home Prices, Dallas Tx Home Prices, Denton County Home Prices, Denton County Real Estate, Denton Tx New Homes, DFW Home Prices, DFW Real Estate, Economy, Markets, Mortgage Rates, New Home Sales, Real Estate, Texas Home Prices|0 Comments
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Fed Orders China Bank To Tighten Anti-Money Laundering Protections

The Federal Reserve on Tuesday faulted the Industrial and Commercial Bank of China Ltd for its weak anti-money laundering protections, ordering ICBC to tighten its screening of illicit money. Real estate money laundering from China into global property markets has been an ongoing theme for several years, and by all accounts the volumes of money being cleaned are still substantial. Last month the Canadian Imperial Bank of Commerce (CIBC) introduced new guidelines to replace its "Foreign Income Program". CIBC decided it should obtain income verification for foreign buyers gobbling up overpriced Canadian homes. Many of [...]

By |2021-07-05T13:48:48+00:00March 14th, 2018|DFW Home Prices, DFW Real Estate, Economy, Education, Housing Market, Housing Policy, In the Press, Mortgages, Real Estate, Regulation, Spin Cycle, Texas Real Estate|0 Comments
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