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Regulation

Regulation and Rule of Law

Jury Sides With Sellers in Bombshell Commission Suit

The verdict in the Sitzer/Burnett commission trial is in. The jury wasted little time in finding for the plaintiff sellers in the bombshell commission suit involving major real estate brokers and NAR. The jury awarded damages to the seller plaintiffs in the amount of $1.78 billion, with the potential for up to $5.35 billion with treble damages. Jurors ruled that the National Association of Realtors' cooperative compensation rule inflated commission expenses for sellers and that major brokers were also to blame. Defendants NAR, Keller Williams, Anywhere (formerly, Realogy), RE/MAX, HomeServices of America and two of [...]

By |2023-11-04T14:13:23+00:00November 1st, 2023|Denton County Home Prices, Denton County Real Estate, Denton County Relocation, DFW Real Estate, DFW Relocation, Housing Policy, In the Press, Regulation|0 Comments
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Who Benefits From the Financialization of Housing and Build-to-Rent?

There are countless real estate industry professionals and consultants floating ridiculous narratives regarding single-family rentals and build-to-rent. This is as good a time as any to debunk the "we're filling a need" nonsense. What we're really taking about here is the financialization of housing and the Cantillon Effect. If you are connected to the build-to-rent industry and collect a paycheck from the financialization of single-family housing, okay. No problem with that. Want to ignore the data and look the other way. No problem. It's easy to do. Just don't expect a thinking public with working [...]

By |2022-07-31T16:11:09+00:00July 31st, 2022|Denton County Real Estate, Denton County Relocation, DFW Real Estate, DFW Relocation, Housing Policy, In the Press, Monetary Policy, Politics, Regulation, Spin Cycle|0 Comments
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Robert Kaplan Takes Early Retirement From Dallas Fed Amid Trading Scandal

The Dallas Fed's Robert Kaplan and Boston Fed chief Eric Rosengren announced they will be taking early retirement. Revelations of dubious trading activity by various Fed officials have weighed heavily on the credibility of the Federal Reserve in recent weeks. It's about time! It's not like the Fed had much credibility left to salvage. FOMC officials have demonstrated time and time again they have no shame. The internet was quick to chime in on the news of Kaplan and Rosengren's early retirement, but the best take of all has to be from Pam & Russ [...]

By |2021-09-28T10:03:20+00:00September 28th, 2021|Denton County Real Estate, Education, In the Press, Monetary Policy, Politics, Regulation, Spin Cycle|1 Comment
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Average Denton County Home Costs More Than Half a Million

Denton County home prices shattered records last month. The median price of a home in the area hit $410,000, up 22.4 percent from the same time a year ago. The average price of a Denton County home hit $506,957, shattering the previous high set in June. The new average home price above half a $million was 29.7 percent higher than August of 2020. Average prices for new construction and resale properties hit new records last month as inventory remained in the basement. The number of homes available for sale in Denton County dipped slightly from [...]

By |2021-09-18T20:45:40+00:00September 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 Homes For Sale, Denton TX Real Estate, DFW Real Estate, DFW Relocation, Economy, Housing Market, In the Press, Markets, Monetary Policy, Mortgage Rates, Regulation, Spin Cycle|0 Comments
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Denton County Residents Endure Loss and Hardship in Texas Power Grid Failure

Thousands of Denton County residents endured power outages, water outages and other hardships during the past week. Dozens of people have died across the state due to weather-related events, and the federal government has declared Texas a national disaster. The sad part is that the power outages and rolling blackouts leading to loss of life and untold economic damage was largely a preventable, man-made disaster. All the warning signs were there, but the warnings were ignored, and many power generators brushed off the risk of a major winter event in Texas' loosely regulated electricity market. [...]

By |2022-01-05T03:34:57+00:00February 21st, 2021|Denton County Real Estate, Denton TX Real Estate, DFW Real Estate, Energy & Utilities, Politics, Regulation|1 Comment
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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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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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Things Get Ugly For Denton-Based Sally Beauty

Things just got ugly for Denton-based Sally Beauty supply. The international retailer and distributor of professional beauty supplies saw its stock plummet after Amazon announced its own professional beauty store. This is not exactly great news for one of Denton's largest businesses. Amazon is a virtually unregulated monopoly on multiple fronts with huge tax advantages to many of its competitors. Amazon Beauty customers will still need a license to purchase professional use products, but Amazon is playing by a different set of rules as regulators continue to turn a blind eye to Amazon's monopolistic business [...]

By |2019-06-25T12:56:09+00:00June 25th, 2019|Denton TX Real Estate, Economy, In the Press, Real Estate, Regulation, Relocation, Texas Real Estate|0 Comments
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New Home Sales Jump 7 Percent In April But Momentum Is Fading

The Census Bureau reported new home sales in April which rose 7 percent compared to the same time a year ago. Sales (contract signings) for April posted at a seasonally adjusted annual rate of 673,000 units. This was close to expectations, but interestingly the April figure represented a rather large 7 percent drop from revised March numbers. The sales numbers for the previous three months were revised higher. The median price of a new home rose in April to $342,200, while the average price of a new home contracted in April rose to $393700. This [...]

By |2020-03-28T14:39:38+00:00May 23rd, 2019|Denton County New Homes, Denton County Real Estate, Denton Tx New Homes, Denton TX Real Estate, DFW New Homes, DFW Real Estate, Economy, Existing Home Sales, Housing Policy, In the Press, Mortgage Rates, New Home Sales, Politics, Regulation, Spin Cycle, Texas Real Estate|0 Comments
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Shadow Bank Lending, Rising Debt To Income Ratios Fueling Denton County Home Price Growth

Shadow banks, or nonbanks as they are often called, continue to dominate the mortgage space in the real estate echo bubble. This is the case in Denton County Texas and all across the country. Since 2008 the share of mortgage originations by nonbanks has more than doubled, rising from 24% in 2008 to 54% in 0217. The share of mortgages issued by traditional large banks continue to decline. As home prices rose throughout Denton County, the quality of the mortgages originated during this boom began deteriorating. Last year the deterioration in mortgage quality was pronounced. [...]

By |2019-02-28T23:11:31+00:00February 28th, 2019|Denton County Home Prices, Denton County Real Estate, Denton Tx Home Prices, Denton TX Real Estate, DFW Home Prices, DFW Real Estate, Housing Market, Housing Policy, In the Press, Mortgage Rates, Mortgages, Regulation, Texas Real Estate|0 Comments
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