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New Home Sales Rise 4.5 Percent In June On Lower Rates

The Census Bureau reported new home sales for June at a seasonally adjusted annual rate of 646,000 units. This was up 7 percent from revised May figures and 4.5 percent higher than a year ago. The previous three months were revised lower. The median price of a new home contracted in June was $310,400, almost unchanged from last year. The average price of a new home in June was $368,600, a decrease of $1500 from June 2018. Months of supply stood at 6.3 in June, up from 6.0 months of supply last year. Translated on [...]

By |2019-07-24T17:12:05+00:00July 24th, 2019|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 New Homes, DFW Real Estate, DFW Relocation, Housing Market, Mortgage Rates, New Home Sales, Real Estate, Texas Real Estate|0 Comments
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DFW Unemployment Rate Drops To 3.3 Percent

The Texas unemployment rate hit a fresh low in the month of June, with the official headline number falling to 3.4 percent. According to the Texas Workforce Commission Texas added 45,000 jobs during the month and 315,600 jobs over the latest 12 month period. Dallas-Fort Worth posted an unemployment rate of 3.3 percent, down from 3.8 percent a year ago. The news from the TWC is that Texas continues to be a beneficiary of the longest economic expansion in U.S. history, and the DFW area has certainly been a part of that expansion. Denton County [...]

By |2019-07-23T11:30:58+00:00July 21st, 2019|Denton County Relocation, DFW Employment, DFW Relocation, Economy|0 Comments
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International Real Estate Activity In U.S. Cools Dramatically In Latest Survey

Foreign buyers are cooling on U.S. residential real estate. NAR's Profile of International Transactions in U.S. Residential Real Estate 2019 shows foreign purchases declined 36 percent from the previous 12 month period to $77.9 billion. That translates to 183,100 home purchases, or roughly 3 percent of existing home sales in the U.S. Chinese purchases of U.S. real estate declined 56 percent to $13.4 billion in dollar volume. NAR's latest survey shows that the escalating trade war and stagnating global economy are definitely taking a toll on foreign investment in residential real estate in the United [...]

By |2022-08-06T13:39:42+00:00July 19th, 2019|Denton County Real Estate, Denton TX Real Estate, DFW Home Prices, DFW Homes For Sale, DFW Real Estate, DFW Relocation, Economy, International Real Estate|0 Comments
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Census: New Home Sales Decline 3.7 Percent In May Despite Lower Mortgage Rates

According to the Census Bureau new home sales for May posted at a seasonally adjusted annual rate of 626,000 units. This was 7.8 percent below revised April numbers and 3.7 percent below the rate seen last year. Despite plunging mortgage interest rates this year, new home sales are not exactly inspiring any headlines. The median price of a new home contracted in May was $308,000 while the average price of a new home stood at $377,200. The inventory of new homes for sale stood at 6.4 months of supply, up from 5.6 months a year [...]

By |2019-06-25T16:20:56+00:00June 25th, 2019|Denton County New Homes, Denton County Real Estate, Denton Tx New Homes, Denton TX Real Estate, DFW New Homes, DFW Real Estate, Housing Market, Mortgage Rates, New Home Sales|0 Comments
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Denton County Home Sales Climb In May, City of Denton Sees All-Time High For Prices

Denton County home sales rose 3 percent compared to the same month last year, driven by a the precipitous drop in mortgage rates which are now back below a 4-handle. The increase in home sales this spring has offset the weak start to the year during the first quarter. The average price of a Denton County home was roughly $368,525 in May, up 4 percent from prices last year. The inventory of homes for sale in Denton County rose 25 percent, hitting 3.4 months of supply. New home sales continued to fare better than the [...]

By |2019-06-17T12:33:48+00:00June 11th, 2019|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, DFW Relocation, Mortgage Rates, Relocation, Texas Real Estate|0 Comments
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Denton County Employment Growth Still Solid, Why Are Home Sales Stagnating?

Denton County employment growth is still humming along. The Dallas-Fort Worth area continues to add jobs. Even with the job growth, home price gains in the DFW area continue to slow. This is confirmed in the recent numbers from Case-Shiller. Along with many professional PhD economists, the Case-Shiller committee seems to be puzzled that the housing market isn't firing on all cylinders given the recent plunge in mortgage interest rates. "Given the broader economic picture, housing should be doing better." Even Freddie Mac's deputy chief economist seems to be perplexed that the housing market isn't [...]

By |2020-03-28T14:39:06+00:00May 31st, 2019|Dallas Tx Employment, Denton County Employment, Denton County Relocation, DFW Employment, DFW Real Estate, DFW Relocation, Economy, Education, Housing Market, In the Press, Mortgage Rates, Pending Home Sales, Politics, Relocation, Texas Real Estate|0 Comments
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Denton County New Home Sales Spring To Life In March

Denton County new home sales are enjoying a spring revival courtesy of lower mortgage interest rates. Preliminary March data for North Texas shows that home sales rebounded in March, with new home sales driving the action. Buyers were obviously lured off the fence in the DFW area when it came to buying new homes. It also helped that new home builders were keeping price points lower. The average price of new homes in Dallas-Fort Worth still shows to be softening. Pending sales data for March looks a bit weaker than closings, so it will be [...]

By |2020-06-07T03:28:17+00:00April 2nd, 2019|Denton County Home Prices, Denton County New Homes, Denton County Real Estate, Denton County Relocation, DFW Home Prices, DFW New Homes, DFW Real Estate, DFW Relocation, Economy, Housing Market, Mortgage Rates, Politics, Texas Real Estate|0 Comments
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Lower Mortgage Rates Fuel February Rebound In Denton County Real Estate Market

Lower mortgage interest rates and a sharp rebound in the stock market helped fuel a rebound in the Denton County real estate market in February. Closed home sales declined 4 percent year-over-year, improving from poor January figures. Average home prices in Denton County rose 2.4 percent compared to February of last year. Pending home sales for February actually moved into positive territory rising 6 percent for the month. The increase in contract signings indicates that buyers were enticed by dramatically higher inventory levels and the improvement in mortgage interest rates. New home sales in particular, [...]

By |2024-02-07T23:11:33+00:00March 11th, 2019|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, Housing Market, Mortgage Rates, Relocation, Texas Real Estate|0 Comments
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Denton County Employment Growth Continues In 2019

The BLS February employment report was a big disappointment in terms of the number of jobs added, but Denton County continues to see solid employment growth. So far in 2019 the trend of more jobs in the area is still intact. The Dallas-Fort Worth area is still churning out jobs, and that is certainly welcome news considering the larger macroeconomic backdrop. For the time being, Denton and the DFW area are still churning out decent job numbers. The Texas economy added 15,400 seasonally adjusted nonfarm positions in January 2019, and Texas employers added 292,000 jobs [...]

By |2019-03-10T16:06:28+00:00March 10th, 2019|Denton County Employment, Denton County Real Estate, Denton County Relocation, DFW Employment, DFW Real Estate, DFW Relocation, Economy, Relocation|0 Comments
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Want To Sell Your Denton County Home? Time To Get Real

Denton County home sellers are experiencing a different real estate market in 2019. It's the type of market some people probably remember, but one they haven't experienced for a number of years as the Federal Reserve and other global banks jawboned markets higher and fueled a speculative frenzy in global real estate. Average days on market continued to rise in February. Even though sales activity rebounded a bit last month, the Denton County housing market correction that started during the last half of 2018 is still taking shape. While many housing pundits and professional economists [...]

By |2024-02-07T23:09:09+00:00March 4th, 2019|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, Economy, Housing Market, Real Estate|0 Comments
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