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Denton County

Denton TX Rents End Year Slightly Lower, Leasing Activity Subdued

The average price of a single-family rental home in Denton  Texas was $1629 in December 2018. As the year came to a close single-family leasing activity was relatively flat compared to a year ago, with average prices that were slightly lower. Denton County experienced a 14 percent drop in leasing activity in December 2018, but prices were higher compared to last year. As the Dallas-Fort Worth real estate market enters 2019 in correction mode, it will be interesting to see how the residential lease market unfolds. For the time being average prices are still holding [...]

By |2019-01-07T12:01:37+00:00January 6th, 2019|Denton County Homes For Rent, Denton County Real Estate, Denton TX Homes For Lease, Denton TX Real Estate, DFW Homes For Lease, DFW Real Estate|0 Comments
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Hyper-Financialized DFW Housing Market Will Get Worse

The National Association of Realtors reported pending home sales for November slid 7.7 percent compared to a year ago. Of course the headline you probably saw in the media was the 0.7 percent drop compared to October's decline in contract signings. With the stock market poised to finish one of the worst Decembers in recent memory, you can rest assured the hyper-financialized Dallas-Fort Worth housing market is going to get worse before it fully recovers. Chief economist, Lawrence Yun, attempted to diffuse concerns about sliding sales numbers in November in NAR's latest press release, but [...]

By |2019-10-24T22:05:01+00:00December 29th, 2018|Denton TX Real Estate, DFW Home Prices, DFW Real Estate, Economy, Housing Market, Housing Policy, In the Press, Mortgage Rates, Pending Home Sales, Spin Cycle|1 Comment
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U.S. Existing Home Sales Down Seven Percent In November

The National Association of Realtors reported existing home sales for November at a seasonally adjusted annual rate (SAAR) of 5.32 million. This was up slightly from October but still down seven percent compared to the same time last year. The spike in mortgage interest rates was still lingering over the real estate market in November. The median price of an existing home sold in November was $257,700 in November, a rise of 4.2 percent year-over-year and the 81st consecutive month of year-over-year home price increases. The average price of an existing home sold in November [...]

By |2018-12-20T09:54:54+00:00December 19th, 2018|Denton County Home Prices, Denton County Real Estate, Denton Tx Home Prices, Denton TX Real Estate, DFW Home Prices, DFW Real Estate, Existing Home Sales, Housing Market, Housing Policy, In the Press, Markets, Mortgage Rates|0 Comments
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Denton County Home Prices Drop As DFW Sees Worst Sales In 7 Years

Denton County home prices slid 2 percent in November as the DFW housing market experienced the worst sales decline in 7 years. The good news is that the sales volume estimates in the official press releases are now more reflective of reality. The bad news is that actual home sales in Dallas-Fort Worth are still rather soft. Home sales in Denton County dropped 9 percent in November, in line with the 8 percent decline seen for DFW. Pending home sales in Denton County slid 3 percent compared to the same time a year ago, slightly [...]

By |2018-12-13T00:29:48+00:00December 11th, 2018|Denton County Home Prices, Denton County Real Estate, Denton Tx Home Prices, Denton TX Real Estate, DFW Home Prices, DFW Real Estate, Housing Market, In the Press, Mortgage Rates, Relocation, Texas Real Estate|0 Comments
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Higher Prices, Shrinking Homes – Denton County’s New Underwater Borrowers Found In HUD Annual Report

The Department of Housing and Urban Development's Fiscal Year 2018 report to Congress is filled with useful information on the state of the U.S. mortgage market. Contained within the 2018 annual report we can see where the latest crop of underwater borrowers are hiding in Denton County Texas. As the size of new homes continues to shrink, particularly for entry-level buyers, prices increases have begun to moderate or even decline in many areas. This poses a big problem for unsuspecting home buyers who have been roped into the housing market at the cycle peak with [...]

By |2018-11-28T01:29:11+00:00November 27th, 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 Real Estate, Housing Market, Mortgage Rates, Mortgages, New Home Sales, Relocation|0 Comments
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High Prices, Higher Rates Stall Dallas Fort Worth New Home Market

High prices and higher rates are hammering the Dallas-Fort Worth new home market. Starts from new home builders are now expected to increase by only a few hundred homes next year. I am not surprised. I covered this development a few days ago in my post on DR Horton's fourth quarter results, but a recent piece in the Dallas Morning News citing an industry insider/expert highlights the failure of local media to report on what is actually happening. My October housing market report for the DFW area explains why the correction in the local real estate [...]

By |2018-11-11T13:25:58+00:00November 11th, 2018|Dallas Tx Home Prices, Denton County Home Prices, Denton County New Homes, Denton County Real Estate, Denton Tx New Homes, Denton TX Real Estate, Development, DFW Home Prices, DFW New Homes, DFW Real Estate, Economy, Housing Market, Mortgage Rates, New Home Sales, Spin Cycle, Video|0 Comments
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Denton County Ranks 3rd In Nation For Inbound Migration, Relocation

Denton County Texas ranks as the 3rd most popular destination in the United States according to a recent study from RentCafe on inbound and outbound migration during the past 5 years. Denton was behind only Maricopa County in Arizona and Clark County in Nevada. Not surprisingly, Texas is home to 5 of the 10 most popular inbound destinations. Denton County's net migration gain of 96,000 during the last 5 years is 10,000 more than neighboring Collin County which also made the top 10, posting at number 6. People in Las Angeles, Chicago, New York, Miami [...]

By |2018-10-19T18:16:14+00:00October 19th, 2018|Denton County Home Prices, Denton County Real Estate, Denton County Relocation, Denton Tx Home Prices, Denton TX Real Estate, DFW Real Estate, Housing Market, In the Press, Real Estate, Relocation|0 Comments
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Yield Surge Hits Already Beaten Down Homebuilder Stocks

The yield surge experienced this week certainly took its toll on homebuilder stocks. As the yield on the benchmark U.S.  10 -Year Treasury eclipsed 3.2 percent this week, you could hear the air coming out of the publicly traded homebuilder sector. The Dow Jones U.S. Home Construction Index was down 27% as of yesterday's close. The year-to-date declines in the stocks of publicly traded homebuilders certainly don't echo the "remarkably positive" economic circumstances that Fed chair Jerome Powell was playing up this week. I can only assume he was referring to the Wall Street bonus [...]

By |2019-02-06T01:38:23+00:00October 5th, 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, DFW Real Estate, Economy, Housing Market, In the Press, Markets|1 Comment
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Denton TX Residential Lease Market Squeezing Renters

Single-family rents in Denton Texas continue squeeze local renters, and it comes at a time when average home prices are near record highs. For those looking to lease a home this past summer, the available rental options were more expensive than ever. As Denton TX home prices were shooting to record highs this year, the summer demand for single-family lease homes rose like the North Texas triple degree temperatures. During the month of August lease activity in Denton rose 65% year-over-year with the average price of a Denton rental hitting $1599 per month in the [...]

By |2018-10-02T14:03:00+00:00September 29th, 2018|Denton County Home Prices, Denton County Real Estate, Denton Tx Home Prices, Denton TX Homes For Lease, Denton TX Real Estate, DFW Home Prices, DFW Homes For Lease, DFW Real Estate, Housing Policy|0 Comments
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Existing Home Sales Soften As New Home Permits Stall

Today the National Association of Realtors reported that existing home sales for August came in flat from last month, actually down about 1.5% from this time last year. The median price of an existing home sold in the U.S. during the month of August posted at $264,800, a rise of 4.6 percent year-over-year and the 78th consecutive month of year-over-year price gains. According to NAR chief economist, Lawrence Yun, "homes continue to fly off the shelves" with most properties selling within a month. The supply of existing homes in the United States rose to 4.3 [...]

By |2018-09-22T13:07:37+00:00September 20th, 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 Policy, Mortgage Rates|0 Comments
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