Spin Cycle Archives

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Rent vs Buy In Texas? Don’t Ask Trulia

The Houston Chronicle's real estate desk offered up another dose of "fake news" when they regurgitated Trulia's latest edition of rent vs buy calculations. In Layman's terms Trulia's rent vs buy calculations are essentially worthless when it comes to Houston Texas. It's amazing that Houston's largest newspaper would even reference them. They are really that bad. I can only assume that our largest newspaper would rather sell ads than tell people the truth. The truth is that it's not 42 percent cheaper to buy a home in Houston than it is to rent one. Let's [...]

By Aaron Layman|2018-05-13T13:52:17+00:00May 25th, 2017|Humor, Relocation, Spin Cycle, Texas Home Prices, Texas Property Taxes, Texas Real Estate|0 Comments

Housing Bubbles A Global Problem

Housing bubbles are easy to see, unless of course you are one those people in the real estate industry who feign ignorance for the sake of sales. For those who care to look, it is blatantly obvious that there is an echo bubble in real estate prices. It's a global problem that poses a number of challenges, and the potential capital destruction that would result from its collapse is probably larger than many want to admit. Everyone has to dance to the music, until the music stops. Looking at an updated index of San Francisco [...]

By Aaron Layman|2017-08-19T10:36:20+00:00April 26th, 2017|Housing Market, International Real Estate, Markets, Real Estate, Spin Cycle, Texas Home Prices, Video|0 Comments

Financialization Of Housing And The Disturbing Gap In New Home Sales

The financialization of the U.S. housing market has led to a rather disturbing gap in new home sales relative to existing home sales. This is a subject I was referencing this week when I mentioned the problem builders are facing with the lack of affordable land to build new homes on. Today the Census Bureau reported new home sales for January came in at a seasonally adjusted annual rate of 555,000. Previous months were also revised lower, with November taking a significant haircut. On a year-over-year basis January new home sales were up 5.5 percent. [...]

By Aaron Layman|2022-08-06T13:30:06+00:00February 24th, 2017|Economy, Housing Policy, In the Press, Markets, New Home Sales, Politics, Real Estate, Regulation, Spin Cycle, Video|0 Comments

NAR Finally Gets Real About Home Affordability Issues

The National Association of Realtors is out with a new method of gauging home affordability. As part of NAR's look at the the growing rift between housing availability and home affordability, NAR has developed a new affordability distribution curve and a home affordability score. The new monthly research is designed to look at home affordability conditions among different income percentiles, gauging how many homes on the market are actually affordable to various buyer income groups. The new affordability distribution curve and score show that many U.S. homes are no longer affordable to typical prospective buyers. [...]

By Aaron Layman|2022-08-06T13:30:36+00:00February 20th, 2017|Economy, Housing Policy, In the Press, Markets, Mortgage Rates, New Home Sales, Politics, Real Estate, Spin Cycle, Texas Employment|0 Comments

Texas Realtors Unwittingly Paying For Bad TAMU Economic Research

Texas Realtors are paying for some bad economic research. That's the only conclusion I can come to after looking at the current situation where highly educated economists are giving short shrift to the underlying causes of Texas home price inflation and market distortions. While the Fed has abdicated its responsibility to the American public, TAMU economists seem to be cooperating with the Fed in offering "alternative facts" surrounding the declining affordability of housing and real estate market imbalances. In a previous post I posited a guess as to why this is happening. After looking at [...]

By Aaron Layman|2021-04-21T11:24:58+00:00February 8th, 2017|Education, Housing Policy, Politics, Real Estate, Spin Cycle, Video|0 Comments

Monkey Business – Expert Says Affordable Homes Are Going Away
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Monkey Business – Expert Says Affordable Homes Are Going Away

Economy, Housing Policy, Humor, In the Press, Markets, Mortgage Rates, Real Estate, Spin Cycle, Texas Employment

Monkey Business – Expert Says Affordable Homes Are Going Away

Affordable homes are going away. With the prospect of rising rates, now is the time to buy a home. That is apparently the opinion of Dr. Luis Torres, a research economist with the Real Estate Center at Texas A&M. Torres, in a rather interesting piece in the Houston Business Journal seems to be confident that Houston's real estate market is on the road to recovery: “I can say this with some certainty that the worst of the downturn is behind us.” I'm not surprised that HBJ would print a piece like this (after all it is [...]

By Aaron Layman|2017-12-22T01:16:40+00:00February 5th, 2017|Economy, Housing Policy, Humor, In the Press, Markets, Mortgage Rates, Real Estate, Spin Cycle, Texas Employment|1 Comment

Why Home Builders Can’t Meet Housing Demand

America's home builders are having a difficult time meeting housing demand, or so they say. While access to credit is cited as a factor that is holding back builders, that's only a partial cause of builders' reluctance to put their money where their optimism index mouth is. As NAHB chief economist, Robert Dietz, explains it builders are finding it more difficult and expensive to develop land. Home builders should be thanking the The Federal Reserve for this warped, manipulated landscape, but most builders will likely avoid the discussion. The first rule of fight club is [...]

By Aaron Layman|2021-04-21T11:25:23+00:00January 11th, 2017|Development, New Home Sales, Real Estate, Spin Cycle|1 Comment

Single-Family Permits Flat In October As Housing Starts Jump

Single-family permits fell flat in October. That's the news from today's Census numbers on October construction starts and permits. The unadjusted single-family permits data show 60,500 new single family permits for October 2016, virtually unchanged from last year's 60,300 print. Headline numbers for housing starts show a huge 23.3 percent YoY increase, and a 21.7 percent increase in single-family starts during October. Not seasonally adjusted, single-family starts rose almost 25 percent year-over-year. It certainly appears we will see more new home sales revisions in the months ahead. If homebuilders actually did put more inventory on [...]

By Aaron Layman|2022-08-06T13:31:51+00:00November 17th, 2016|Development, Mortgage Rates, New Home Sales, Real Estate, Spin Cycle|0 Comments

Texas Housing Market Meets The Fed’s ‘Game of Thrones’ Economy

The latest issue of Tierra Grande is out, and it contains more examples of the Federal Reserve's fingerprints on the Texas housing market. This new batch of evidence is contained in an article titled 'Game of Homes - The Supply-Demand Struggle'. What is thoroughly entertaining is that the two Dallas Fed employees (both recent college graduates apparently) working on this latest missive appear to completely ignore their employer's responsibility for the distortions in the Texas housing market while making a complete mockery of the economics profession. Collaborating with a PhD from TAMU, they lay out [...]

By Aaron Layman|2016-11-20T13:26:48+00:00October 23rd, 2016|Economy, In the Press, Politics, Real Estate, Spin Cycle|0 Comments

Debt, Deficits & Housing – The Smoke & Mirrors “Recovery”
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Debt, Deficits & Housing – The Smoke & Mirrors “Recovery”

Economy, Housing Policy, In the Press, International Real Estate, Politics, Real Estate, Spin Cycle

Debt, Deficits & Housing – The Smoke & Mirrors “Recovery”

Many among the status quo have defended the last 8 years as a productive "recovery" from the abyss of financial armageddon unleashed by our criminal banking sector. The efficacy of the recovery depends on the person responding to the question. For the vast majority of the U.S. population, there has been no recovery, but instead a steady decline. If you have been paying attention to the early release of season 5 of 'House of Cards', speaking of the email data dump exposing our corrupt political machine for all to see, the reasons behind the phony [...]

By Aaron Layman|2018-05-11T22:53:12+00:00October 18th, 2016|Economy, Housing Policy, In the Press, International Real Estate, Politics, Real Estate, Spin Cycle|2 Comments

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"Could not have been more pleased with the entire process of selling my Katy house. Aaron was very professional and went out of his way to help kennel my dog before showings while I was at work. He had an outstanding knowledge of the entire real estate transaction process and was always very responsive to my questions. Would definitely recommend Mr. Layman to anyone I know!!"

Matt B., Home Seller

"Aaron helped us narrow down our choices and navigate the market. He is very knowledgeable about making a wise decision. He will help you find a house that you love and is a good financial decision."

Kristina R., Home Buyer

"Aaron was our realtor when we bought our house 13 years ago and he was our realtor when we sold our house in 2014. He is honest about the market and very helpful with all aspects of buying/selling a home. We would recommend him to anyone in need of realty services."

Paula O., Home Buyer & Seller

"We had several agents to choose from as we'd been in the area for several years. Aaron was an easy choice as he's knowledgeable and wasn't afraid to go after what's best for us, his clients! He kept us well informed throughout the process and was always prompt in answering questions from start to finish. We definitely recommend Aaron!"

Shanna K., Home Buyer

"Working with Aaron was the best decision we made when looking for a new home and selling our previous home. He is one of the most knowledgeable realtors in the area. He knows the numbers, the trends, and always has data to back up his recommendations and decisions. Likewise, he made the process simple and understandable at the same time. Aaron was always in our corner and always did his best to get the best outcome for us. I have recommended Aaron to many friends and family and would recommend him to anyone looking to buy or sell their home."

Angelo G., Home Buyer & Seller

Denton County Realtor Aaron Layman

940-209-2100

Spin Cycle

Monkey Business – Expert Says Affordable Homes Are Going Away

Debt, Deficits & Housing – The Smoke & Mirrors “Recovery”