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Texas Real Estate

April Existing Home Sales Soften 2.5%

The National Association of Realtors reported a 2.5 percent slide in existing home sales for April. That translates to a 1.4 percent decline compared to last year. According to NAR the median price of an existing home sold in April was $257,900, a rise  of 5.3 percent compared to last year. The average price of an existing home was $297,300, an increase of 3.3 percent compared to last year. NAR chief economist, Lawrence Yun, blamed low inventory for the sluggish April sales... “The root cause of the underperforming sales activity in much of the country [...]

By |2019-02-06T01:40:57+00:00May 24th, 2018|Denton County Home Prices, Denton County Real Estate, DFW Home Prices, DFW Real Estate, Existing Home Sales, Housing Market, Housing Policy, In the Press, Politics, Spin Cycle, Texas Real Estate|0 Comments
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Signs That You Chose The Wrong Denton County TX Realtor

I am often contacted by buyers or sellers who want my help or suggestions when they are already being represented by other companies or real estate brokers. It's the nature of the business, and the stories are often frustrating, sometimes infuriating. If only they had called me before hiring another broker! Today's story is a perfect example of why you should choose your Denton County Realtor very carefully. My day started on rather interesting note when I opened my inbox to get a message from another Realtor who apparently needed help finding a new 3-bedroom [...]

By |2018-05-04T17:32:26+00:00May 3rd, 2018|Denton County Home Prices, Denton County Real Estate, Denton TX Homes For Sale, DFW Real Estate, Education, Humor, Texas Real Estate|0 Comments
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Dallas Morning News Circulation Decline Might Reflect Quality Of Content

The circulation decline at the Dallas Morning News during the last few years might have something to do with the quality of the content. This is just the opinion of your humble blogger. According to Statista, the circulation of the DMN dropped in each of last three years for both daily and Sunday papers. Circulation of Dallas' largest paper still edges out the Houston Chronicle, but that's not saying much. While the number of readers of both papers is significantly higher, it appears fewer people are paying for the old print newspaper. Looking a the [...]

By |2018-04-18T15:49:01+00:00April 18th, 2018|DFW Real Estate, Education, Housing Market, In the Press, Real Estate, Spin Cycle, Texas Real Estate|0 Comments
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Markets Wobbling As Fed Normalization Hits $30 Billion Per Month In Q2

The markets were wobbling again this week, but regardless, the Fed normalization will hit $30 billion per month in April. I must confess that I get a good laugh when I hear market apologists and real estate pundits talk up the magnificent economy and housing market we are blessed with in Texas. Yes, things are pretty good here in the Lone Star State, and the DFW housing market still seems to have legs. Unfortunately the real economy is not nearly as robust as many talking heads and sell-side practitioners would have you believe. The March employment [...]

By |2018-04-06T23:20:16+00:00April 6th, 2018|DFW Home Prices, DFW Real Estate, Economy, Education, Markets, Mortgage Rates, Politics, Real Estate, Spin Cycle, Texas Employment, Texas Home Prices, Texas Real Estate|0 Comments
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Fed Orders China Bank To Tighten Anti-Money Laundering Protections

The Federal Reserve on Tuesday faulted the Industrial and Commercial Bank of China Ltd for its weak anti-money laundering protections, ordering ICBC to tighten its screening of illicit money. Real estate money laundering from China into global property markets has been an ongoing theme for several years, and by all accounts the volumes of money being cleaned are still substantial. Last month the Canadian Imperial Bank of Commerce (CIBC) introduced new guidelines to replace its "Foreign Income Program". CIBC decided it should obtain income verification for foreign buyers gobbling up overpriced Canadian homes. Many of [...]

By |2021-07-05T13:48:48+00:00March 14th, 2018|DFW Home Prices, DFW Real Estate, Economy, Education, Housing Market, Housing Policy, In the Press, Mortgages, Real Estate, Regulation, Spin Cycle, Texas Real Estate|0 Comments
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Why Is The Fed Protecting The Stock Market?

The $11 billion increase in the System Open Market Account Holdings report for February 14 has caught the attention of a number of intelligent market watchers for obvious reasons. The Federal Reserve is purportedly in the midst of a significant balance sheet normalization process whereby they are (and plan to to continue) selling large amounts of Treasuries and agency mortgage-backed securities. After amassing a portfolio of over $4.4 trillion, the Fed has used that massive hedge fund to artificially suppress interest rates and foster some serious asset inflation. The Fed was not alone in this [...]

By |2018-05-12T00:51:24+00:00February 17th, 2018|Denton County Real Estate, DFW Real Estate, Housing Policy, In the Press, Markets, Mortgage Rates, Politics, Regulation, Spin Cycle, Texas Real Estate|0 Comments
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Denton County New Home Prices Jump 10% In January

Denton County new home prices jumped to a new high in January. According to NTREIS data the price of closed new construction within Denton County Texas was 10.2 percent higher year-over-year with the average price per square foot of a new Denton County home hitting $151. The total price of a new home was up 11 percent to $436,571. These are some impressive price increases particularly for what is normally a slower part of the selling season. December was a banner month for new home sales throughout the DFW area, and January looks to be [...]

By |2018-05-12T00:51:53+00:00February 16th, 2018|Denton County Home Prices, Denton County New Homes, Denton County Real Estate, DFW Home Prices, DFW Real Estate, Economy, Mortgage Rates, New Home Sales, Texas Real Estate|0 Comments
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DC’s Fiscal Lunacy, Fed’s Unwind Creating Waves For Housing Market

The fiscal lunacy in Washington and the Federal Reserve's balance sheet unwind are creating waves for the housing market. 2018 was starting off on the right foot with a noticeable, yet moderate rise in bond yields. As we received more concrete evidence that the Federal Reserve was actually unwinding some of that gigantic balance sheet, volatility erupted pretty quickly. After a 12oo point plunge in the Dow, some savvy mortgage borrowers probably took advantage of the temporary fear in the market to score a decent mortgage rate. It was a small window of opportunity, because [...]

By |2018-09-08T15:50:43+00:00February 8th, 2018|Denton County Real Estate, DFW Real Estate, Economy, Housing Market, In the Press, Markets, Mortgage Rates, Mortgages, Politics, Real Estate, Spin Cycle, Texas Real Estate|0 Comments
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Quicken Loans Overtakes Wells Fargo As Largest Mortgage Lender

Quicken Loans overtook Wells Fargo as the largest mortgage lender in the U.S. during the fourth quarter of 2017. Quicken Loans, with their Rocket Mortgage platform, reportedly originated $25 billion in home loans in the last three months of 2017. Wells Fargo was second with $23 billion, followed by Bank of America and JPMorgan Chase at $13 billion and $11 billion respectively. In case you missed it, here's the Rocket Mortgage ad aired during the Super Bowl... 2018 was poised to be a decent year for mortgage lenders, but likely not for Wells Fargo. Serial [...]

By |2018-02-05T17:52:05+00:00February 5th, 2018|Denton County Real Estate, DFW Real Estate, Mortgage Rates, Mortgages, Texas Real Estate, Video|0 Comments
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Federal Reserve Sowed The Seeds Of The Next Housing Downturn

The Federal Reserve is poised to cause yet another housing downturn in the U.S. I'm not talking about a spectacular Lehman style apocalypse mind you, but an honest downturn that will be unavoidable. Today's S&P Case-Shiller home price index showed another rise in Dallas home prices in November. This is essentially lagged data confirming what most prospective DFW home buyers already knew, namely that Dallas area home prices are pretty damn high. The national index showed that U.S. home prices were up 6.2 percent, or roughly three times average U.S. hourly income growth. The BEA [...]

By |2019-04-12T16:19:09+00:00January 30th, 2018|Collin County Home Prices, Dallas Tx Home Prices, Denton County Home Prices, Denton County Real Estate, Denton Tx Home Prices, DFW Home Prices, DFW Real Estate, Economy, Housing Market, Mortgage Rates, Spin Cycle, 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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