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Texas Real Estate

Denton County Home Sales Continue Sliding In October

Denton County Texas home sales continued to slide in October as the real estate market softened throughout the Dallas-Fort Worth area. Closed sales in Denton County fell roughly 8 percent for the month of October compared to last year. This is slightly worse than the 6% sales decline for the Dallas-Fort Worth metro area. Pending single-family home sales in the Denton County area were down about 14 percent for the month of October as the stock market swoon also hit the local housing sector. The official statistical estimate of a 9 percent pending sales decline [...]

By |2021-07-05T13:47:18+00:00November 9th, 2018|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, Economy, Housing Market, In the Press, Markets, Mortgage Rates, Relocation, Spin Cycle, Texas Real Estate|0 Comments
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October Swoon Suggests Denton County Real Estate Market Correction Just Getting Started

Denton County's real estate market is going to post some very soft numbers again for October. Both closed and pending home sales are going to be down year-over-year while pending home sales are likely going to post a double-digit decline not just in Denton County, but for the entire Dallas-Fort Worth housing market. OUCH! Available home inventory is shooting higher across the DFW area. While notable economists at the Federal Reserve, local real estate "professionals" and even the "experts" at the RECenter at Texas A&M have been dismissing recent developments as just a cooling off [...]

By |2022-01-05T03:37:34+00:00November 4th, 2018|Dallas Tx Employment, Denton County Home Prices, Denton County Real Estate, Denton Tx Home Prices, Denton TX Real Estate, DFW Home Prices, DFW Real Estate, Economy, Housing Market, Housing Policy, Humor, In the Press, Mortgage Rates, Real Estate, Spin Cycle, Texas Real Estate|0 Comments
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New Home Sales Fall 13.2 Percent In September As Inventory Rises 34 Percent

The Census Bureau reported new home sales for September this morning at a seasonally adjusted annual rate of 553,000. This was 5.5 percent below revised August numbers and a 13.2% drop from September last year. The numbers for September new home sales were well below estimates, and they came on top of big downward revisions for previous months as well. Both the median price ($320,000) and the average price ($377,200) were below prices seen last year. The supply of new homes on the market swelled to 7.1 months in September. That translates to a 34% [...]

By |2020-09-22T15:47:34+00:00October 24th, 2018|Denton County Home Prices, Denton County New Homes, Denton County Real Estate, Denton Tx Home Prices, Denton Tx New Homes, Denton TX Real Estate, DFW Home Prices, DFW New Homes, Mortgage Rates, New Home Sales, Real Estate, Texas Real Estate|0 Comments
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Existing Home Sales Lowest In 3 Years With 4.1% September Drop

The National Association of Realtors reported the lowest levels for existing U.S. home sales in 3 years. Sales of existing homes posted at a seasonally adjusted annual rate of 5,115,000 for September, down from August numbers which were also revised lower. The year-over-year decline in existing home sales of 4.1 percent puts sales levels back to where they were three years ago. Existing home inventory at 1.88 million homes was up slightly from last year's 1.86 million units. NAR's chief economist, Lawrence Yun, indicated that "higher interest rates have led to a decline in sales [...]

By |2020-09-22T15:47:51+00:00October 19th, 2018|Denton County Homes For Sale, Denton County Real Estate, Denton TX Homes For Sale, Denton TX Real Estate, DFW Homes For Sale, DFW Real Estate, Existing Home Sales, Housing Market, Housing Policy, In the Press, Mortgage Rates, Texas Real Estate|0 Comments
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LGI Homes’ Beaver Creek In Denton TX A Haven For Wall Street Landlord

The quiet little community of Beaver Creek on the north side of Denton Texas offers a perfect portrait of what's wrong with the current housing market in the United states. Beaver Creek is an LGI Homes community that specializes in affordable starter homes priced in the mid to upper $200's. Having viewed the community earlier this year, I was interested to see how sales would progress since Denton Texas is a popular destination for DFW home shoppers looking for affordable homes. Denton home prices are generally more affordable than the average prices in the Dallas-Fort [...]

By |2022-08-06T13:42:36+00:00October 16th, 2018|Denton County Home Prices, Denton County New Homes, Denton County Real Estate, Denton Tx Home Prices, Denton TX Homes For Lease, Denton Tx New Homes, Denton TX Real Estate, Development, DFW Real Estate, Housing Market, Housing Policy, In the Press, Mortgages, Spin Cycle, Texas Real Estate|2 Comments
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Denton County Home Sales See Big September Decline

Denton County home sales saw a big September decline as Dallas-Fort Worth experienced the sharpest home sales drop in seven years according to the latest NTREIS data. The latest press release on September home sales show a statistically estimated 7 percent drop in total single-family home sales in North Texas during the month of September. Pending sales show to be down 6% year-over-year. The median price of a North Texas single-family home was $251,000 in September, a gain of 4%. The average price of a single-family home stood at $304,331, an increase of 6%. Single-family [...]

By |2022-08-06T13:43:07+00:00October 8th, 2018|Denton County Home Prices, Denton County Homes For Sale, Denton County Real Estate, Denton TX Homes For Sale, Denton TX Real Estate, DFW Home Prices, DFW Homes For Sale, DFW Real Estate, Housing Market, Mortgage Rates, Texas Real Estate|0 Comments
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New Home Sales Rise 3.5%, Up 12.7% Year-Over Year

The Census Bureau reported new home sales for August at a seasonally adjusted annual rate of 629,000 units. This was in line with expectations, but previous months were revised downward. The August numbers for new home sales indicated a month-over-month increase of 3.5% and a 12.7% increase above August of last year, a relatively easy comparison. Sales of new homes are up 6.9% year-to-date through August when compared to the same period last year. The median price of a new home contracted in August was $320,200, down about $8,000 from last month, but higher than [...]

By |2019-07-20T19:51:30+00:00September 26th, 2018|Denton County New Homes, Denton County Real Estate, Denton Tx New Homes, Denton TX Real Estate, DFW New Homes, DFW Real Estate, Mortgage Rates, New Home Sales, Texas Real Estate|0 Comments
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10 Years After The Housing Crash, Dallas-Fort Worth Experiencing Consequences Of Policy Failures

10 years after the housing crash and the Great Recession that nearly brought the world economy to its knees, the adults in the room are still pretending that everything is normal. If you read the Dallas Morning News and the spin of many professional economists, the DFW real estate market has emerged from the wreckage 10 years ago relatively unscathed. With DFW home prices at record highs, most housing pundits are eager to suggest everything is awesome. Apparently the recent rise in home inventories is just blip in an otherwise normalization of the formerly red [...]

By |2022-01-05T03:38:16+00:00September 16th, 2018|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, Markets, Mortgage Rates, Politics, Regulation, Spin Cycle, Texas Real Estate|1 Comment
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Denton County Home Sales Slide 7% In August

Denton County home sales continued to stagnate in August, sliding 7 percent from the same time last year. Denton area home sales declined a bit more than the DFW area as a whole during August,  likely due to the higher average price points in Denton County. The average price of a Denton County home in August posted at $362,872, almost $50,000 higher than the greater DFW area. Pending sales for August are poised to be down double digits in Denton County, even while inventory creeps higher. With home buyers are looking for affordable housing options, [...]

By |2018-09-21T09:26:59+00:00September 11th, 2018|Denton County Home Prices, Denton County Homes For Sale, Denton County Real Estate, Denton Tx Home Prices, Denton TX Homes For Lease, Denton TX Real Estate, DFW Home Prices, DFW Homes For Sale, DFW Real Estate, Economy, Housing Market, Mortgage Rates, Texas Real Estate|0 Comments
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Census: New Home Sales For July Slide To 627,000 Annual Rate

The Census Bureau reported new home sales for July at a seasonally adjusted annual rate of 627,000. That translates to a 1.7% decline from June's pace but up 12.8% year-over-year. The median price of a new home contracted in July was $328,700, an increase of 1.7%. The average price of a new home sold (contracted) in July posted at $394,300, a rise of 5.9%. The July figures for new home sales were below estimates, and that year-over-year increase is a bit misleading. July of last year was a very poor month for new home sales, [...]

By |2018-08-24T11:07:49+00:00August 23rd, 2018|Denton County Home Prices, Denton County New Homes, Denton Tx Home Prices, Denton Tx New Homes, DFW Home Prices, DFW Homes For Sale, DFW Real Estate, New Home Sales, Texas Real Estate|0 Comments
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