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Real Estate

New Home Sales Get Hurricane Boost

New home sales rose 17 percent in September compared to the same month last year. Census estimated new home sales for September at a seasonally adjusted annual rate (SAAR) of 667,000 in September. The median price of a new home contracted in September was $319,700 while the average price of a new home contracted in September stood at $385,200. Both figures represent increases from last year's prices. The supply of new homes decreased to 5 months in September, a slight decrease from the 5.1 month supply level at this time last year. The rise in [...]

By |2017-10-28T12:15:01+00:00October 25th, 2017|Collin County Home Prices, Denton County Home Prices, Denton Tx Home Prices, Denton Tx New Homes, Development, Housing Market, Mortgage Rates, New Home Sales, Real Estate, Texas Home Prices|0 Comments
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Dallas TX Employment Grows In September

Dallas TX employment continues to march higher. September brought an increase of 15,600 jobs compared to revised August figures. The Dallas-Fort Worth-Arlington MSA region added 93,600 jobs during the past year according to numbers from the Texas Workforce Commission. The official (goal-seeked) unemployment rate for the Dallas area stood at 3.4 percent in September, below the state average of 4 percent. The Dallas employment sector continues to be tight according to many local economists. Pia Orrenius, a senior economist with the Dallas Fed was "encouraged by the data". Even though Hurricane Harvey caused a drop [...]

By |2022-01-05T03:41:41+00:00October 21st, 2017|Dallas Tx Employment, Economy, Education, Real Estate, Spin Cycle, Texas Employment, Texas Real Estate|0 Comments
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Denton TX Home Prices Take A Breather

Denton TX home prices have leveled off during the last few months as the rampant home price inflation seen throughout the DFW area softened the last few months. Typical seasonal factors are at play as well as some general cooling of DFW's overheated housing market. The average price for a new Denton TX home stood at $295,533 in September, down from the peak of $340, 123 seen in January this year. Prices for resale homes in Denton TX peaked in June this year with the average price hitting $274, 070 before cooling to $240,607. The average [...]

By |2017-10-28T12:00:09+00:00October 14th, 2017|Denton County Home Prices, Denton Tx Home Prices, Denton TX Homes For Sale, Existing Home Sales, New Home Sales, Real Estate|0 Comments
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Dallas Home Prices Challenge Builders

Dallas home prices are expensive, and builders are finally getting the message. That's the news from the most recent data on home starts in the DFW area, which reportedly surged in the 3rd quarter. Builders reportedly started 8,853 single-family homes in the DFW metroplex. For the 12 months ending in September there were apparently 32,234 permits recorded. This was the highest total in a decade. More interestingly, builders' starts for houses under $500,000 rose by 14.5% during the past year. Builders are finally waking up to the fact that the Dallas Fort Worth housing market [...]

By |2022-01-05T03:42:01+00:00October 10th, 2017|Collin County Home Prices, Dallas Tx Employment, Dallas Tx Home Prices, Denton County Home Prices, Denton Tx Home Prices, Denton Tx New Homes, Development, DFW Homes For Sale, Housing Market, Housing Policy, Real Estate, Spin Cycle, Texas Home Prices|0 Comments
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New Home Sales Cool 1.2% In August

The Census Bureau reported that new home sales fell 1.2% year-over-year in August. As we saw last week with the existing home sales decline, Hurricane Harvey put a damper on real estate transactions in the southern states. It is quite likely that September home sales will also be affected by the fallout from Harvey. The median price of a new home contracted in August was $300,200 during the month of August. The average price of a new home contracted last month was $368,100. Both figures represent price increases from a year ago. Median new home [...]

By |2017-10-28T12:24:51+00:00September 26th, 2017|Collin County Home Prices, Dallas Tx Home Prices, Denton County Home Prices, Development, Housing Market, Mortgage Rates, New Home Sales, Real Estate, Texas Home Prices, Texas Real Estate|0 Comments
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Student Loan Debt Delaying Home Purchases

First-time home buyers and millennials are having a pretty difficult time keeping pace in the current housing market, and student loan debt is a significant part of the problem. The National Association of Realtors and American Student Assistance study, Student Loan Debt and Housing Report for 2017, provides a number of interesting examples of how debt is keeping home purchase activity subdued. The study The amount of student loans in the United States now exceeds $1.45 trillion, and the growth shows no signs of slowing. One of the more interesting findings of the study is [...]

By |2017-10-28T12:28:07+00:00September 18th, 2017|Collin County Home Prices, Dallas Tx Home Prices, Denton County Home Prices, Economy, Education, Housing Policy, In the Press, Real Estate|0 Comments
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New Home Sales Fall 9 Percent In July

New home sales fell to a seasonally adjusted annual rate of 571,000 units in July. This was well below consensus estimates and roughly 9 percent lower than last years rate of 627,000 units according to Census Bureau numbers. The median price of a new home contracted in July was $313,700 and the average price of a new home in July was $371,200. Sharp price increases compared to last year help to explain the sharp decrease in new home sales activity in July. On a positive note, the three previous months of sales were revised higher. [...]

By |2017-10-28T12:34:55+00:00August 24th, 2017|Dallas Tx Home Prices, Development, Housing Market, Mortgage Rates, New Home Sales, Real Estate|0 Comments
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New Home Sales Rise 9.1 Percent In June

The Census Bureau estimated new home sales for June at a seasonally adjusted annual rate of 610,000. This was close to expectations, but the previous three months were revised lower. Median price of a new home contracted in June was estimated at $310,800, roughly $10,800 lower than June of last year. The average price of a new home in June was $379,500. This was $15,200 higher than a year ago. With prices now at or above the previous cycle peak, new home builders will have to be creative to maintain sales volume growth. A favorable [...]

By |2017-10-28T12:44:26+00:00July 27th, 2017|Development, Economy, Mortgage Rates, New Home Sales, Real Estate|0 Comments
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Foreign Buyers Still Flooding U.S. Real Estate Market

The the volume of foreign buyers buying U.S. residential real estate rose dramatically during the latest 12-month survey from the National Association of Realtors. The 2017 Profile of International Activity in U.S. Residential Real Estate shoes that the dollar volume of purchases by foreign buyers rose from $102.6 billion in 2016 to $153 billion in the latest 12-month period ending in March. In all, foreign buyers purchased 284,455 U.S. residential properties accounting for 5 percent of existing home sales and 10% of existing home sales by dollar volume. If you were wondering what's been driving the [...]

By |2017-10-28T12:48:15+00:00July 19th, 2017|Housing Policy, International Real Estate, Real Estate, Texas Home Prices, Texas Real Estate|0 Comments
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New Home Sales Rebound In May

The Census Bureau reported a rebound for new home sales in May. New residential home sales posted at a seasonally adjusted annual rate of 610,000. This was 2.9 percent higher than the revised April numbers and 8.9 percent higher than a year ago. The median price of a new home contracted in May was $345,800 while the average new home price in May came in at $406,400. Just like we saw with existing home sales this week, median home prices hit a new all-time high. New home sales volume, while up from last month, is [...]

By |2022-08-06T13:29:09+00:00June 23rd, 2017|Economy, Existing Home Sales, Housing Policy, New Home Sales, Real Estate, Texas Home Prices, Texas Real Estate|0 Comments
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