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Denton County Housing Market Searching For a Soft Landing

Denton County's housing market was still searching for that soft landing in November. Home sales were down 2 percent year-over-year. Pending sales fell by nine percent. Median home prices were steady at $450,000. Ironically enough that's exactly where prices stood in November of last year. Average prices slid for the fourth consecutive month, putting them down 1 percent lower than last year. The average price of a Denton County home is $68,000 (eleven percent) lower than the bubble peak of last spring. The North Texas housing market is currently caught between The Federal Reserve's need [...]

By |2024-08-13T11:11:47+00:00December 11th, 2023|Denton County Home Prices, Denton County Homes For Sale, Denton County New Homes, Denton County Real Estate, Denton County Relocation, Denton Realtor, Denton Tx Home Prices, Denton TX Homes For Sale, Denton TX Real Estate, DFW Home Prices, DFW Homes For Sale, DFW New Homes, DFW Real Estate, DFW Relocation, Employment, Housing Market, Housing Policy, Monetary Policy, Mortgage Rates, Politics, Relocation|0 Comments
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New Home Sales Are Weaker Than Census Estimates

The Census Bureau reported new home sales for September at a seasonally adjusted annual rate of 603,000 units. According to Census estimates new construction sales fell 10.9 percent from August, putting sales down 17.6 percent from last year. Sorry Census, but you're a little late to the party. New home sales are materially weaker than these official guestimates. We had a good indicator from the third largest builder in the country, PulteGroup which just reported earnings this week. Pulte posted a net decline in new home orders of 28 percent compared to last year. The [...]

By |2022-10-26T22:29:25+00:00October 26th, 2022|Denton County New Homes, Denton County Real Estate, Denton County Relocation, Denton Tx New Homes, DFW New Homes, DFW Real Estate, DFW Relocation, Housing Market, Markets, Monetary Policy, Mortgage Rates, New Home Sales, Real Estate, Relocation|0 Comments
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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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New Home Sales Highest Since 2006

New home sales for August came in at a seasonally adjusted annual rate (SAAR) of 1,011,000 units. This was above expectations depending on who you were asking. The August figures from Census put U.S. new home sales up 4.8 percent from July, and up a whopping 43.2 percent from August 2019. New home sales were at the highest levels since 2006. Previous months were also revised higher. The median price of a new home in August was $312,800. The average price came in at $369,000. Both figures are lower than prices for July and down [...]

By |2020-09-24T22:01:07+00:00September 24th, 2020|Denton County New Homes, Denton County Real Estate, Denton County Relocation, DFW New Homes, DFW Real Estate, Employment, Housing Market, Housing Policy, Mortgage Rates, New Home Sales, Relocation|0 Comments
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Denton Texas Employment Rebounds, But More Assistance Needed

Denton Texas employment levels continued to rebound in June, but it is obvious more state and federal assistance will be needed to weather the Covid-related job losses. Yesterday Texas reported the 3rd consecutive day of triple digit fatalities and a record high single day death toll of 174 people. Denton County saw its largest one day spike in coronavirus cases during the pandemic. The recent spike in Covid cases and fatalities in the state of Texas has put Texas' economic reopening on hold. The start of the new school year is still a moving target [...]

By |2020-07-20T21:00:57+00:00July 18th, 2020|Denton County Real Estate, Denton County Relocation, Denton TX Real Estate, DFW Employment, DFW Relocation, Employment, Mortgage Rates, Relocation|0 Comments
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Denton County Unemployment Spikes To 12.9% In April

Denton County unemployment hit 12.9 percent in April, and the City of Denton saw unemployment spike to 14.1 percent last month. For the Dallas-Fort Worth-Arlington MSA, unemployment rose to 12.8 percent in April. Those were the sobering statistics from the Texas Workforce Commission. The destruction to the North Texas labor force created by the Covid-19 pandemic and lockdowns is hard to grasp, because the United States hasn't experienced anything similar since the Great Depression. Even after the Great Recession in 2008 U.S. unemployment levels peaked around 10 percent. The May unemployment numbers for Denton County [...]

By |2020-05-26T12:07:41+00:00May 26th, 2020|Denton County Employment, Denton County Relocation, DFW Employment, DFW Relocation, Economy, Employment, Relocation, Texas Employment|0 Comments
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Coronavirus Hits DFW Home Sales, But Prices Holding Up

DFW home sales took another hit in April. Home sales slid 18 percent during the month of April as the coronavirus took a toll on the Dallas-Fort Worth real restate market. Pending home sales slid even further, falling 24 percent for April. Despite the noticeable seasonal increase in activity during the past few weeks, it appears the spring/summer selling rush we would typically expect is going to be muted by Covid-19 this year. With over 33 million Americans filing for unemployment during the past two months, a downturn in real estate activity should be expected. [...]

By |2020-05-15T12:25:25+00:00May 11th, 2020|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 Home Prices, DFW Homes For Sale, DFW Real Estate, DFW Relocation, Employment, Housing Market, Housing Policy, In the Press, Mortgage Rates, New Home Sales, Relocation|0 Comments
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Contracts For North Texas Home Purchases Still Shrinking

I have been monitoring the contracts for home purchases in the North Texas area since last week, and the numbers are not encouraging. The number of active option contract properties (listings where the home has gone under contract with a buyer option to back out) continues to shrink. This is not surprising considering the economic backdrop, but it also points to a more prolonged downturn than many in the real estate industry were expecting. Pending sales data for March will not be pretty, but the April data for North Texas home sales could be an [...]

By |2020-09-22T15:45:59+00:00April 3rd, 2020|Denton County Homes For Sale, Denton County Real Estate, Denton TX Homes For Sale, Denton TX Real Estate, DFW Employment, DFW Homes For Sale, DFW Real Estate, Economy, Employment, Housing Market, Housing Policy, Politics, Relocation, Texas Employment|0 Comments
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Reckoning Awaits For Inflated North Texas Real Estate Market

The reckoning awaits for the hyper-financialized north Texas real estate market.  It may take a few months for reality to sink in, but the writing is on the wall regardless of the efforts of housing industry pundits and professional economists to downplay the damage. The hopes of a v-shaped recovery are vanishing faster than the toilet paper on the shelves of your local grocery store. Many of the supposed experts, like the PhD economists employed at the Texas Real Estate Center at A&M, have turned a blind eye to the artificial inflation in Texas real [...]

By |2020-03-28T17:13:52+00:00March 21st, 2020|Denton County Home Prices, Denton County Real Estate, Denton County Relocation, Denton Tx Home Prices, Denton TX Real Estate, DFW Home Prices, DFW Real Estate, DFW Relocation, Energy & Utilities, Housing Market, Markets, Mortgage Rates, Real Estate, Relocation, Texas Employment, Texas Home Prices, Texas Real Estate|0 Comments
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Denton Texas Home Prices Jump To Record Highs With Fed Liquidity

Denton Texas home prices jumped to record highs in January, defying typical seasonal weakness that would accompany a normal real estate market. Today's real estate markets are anything but normal, but we'll get to that in a moment. The median price of a Denton TX home rose 4.7 percent to a record $273,706 in January while the average price jumped 5.5 percent to $288,441. The average price per square foot of a Denton home spiked 9.4 percent to a record $140 per square foot...in January! While the local real estate industry is celebrating these numbers [...]

By |2020-02-13T15:24:23+00:00February 11th, 2020|Denton County Home Prices, Denton County Homes For Sale, Denton County Real Estate, Denton Tx Home Prices, Denton TX Homes For Sale, Denton TX Real Estate, DFW Home Prices, DFW Homes For Sale, DFW Real Estate, Mortgage Rates, Real Estate, Relocation, Texas Real Estate|0 Comments
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Aaron Layman Realtor Denton County Texas Questions? Call me now at
940-209-2100

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The listings on this site are for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is usually deemed reliable but is NOT guaranteed accurate by the MLS. Buyers are responsible for verifying the accuracy of all information and should investigate the data themselves or retain appropriate professionals. Information from sources other than the Listing Agent may have been included in the MLS data. Unless otherwise specified in writing, Broker/Agent has not and will not verify any information obtained from other sources. The Broker/Agent providing the information contained herein may or may not have been the Listing and/or Selling Agent.

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Big Fat Giant Disclaimer!  Nothing on this site should be construed as investment advice or legal advice. The opinions of your humble blogger are just that.

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