DFW

High-Income Renter Households Growing Faster In DFW

High-income households choosing to rent in the DFW area are growing faster than owner-occupied households. This is the news from a RentCafe picture of wealthy renter households in top U.S. cities. According to RentCafe, households making more than $150,000 have seen a 175 percent increase in renter-household growth between 2007 and 2017, comprising roughly 1.35 million households. Shifts in buyer mentality, housing availability, changing demographics and other factors are at play. It doesn't help that Federal Reserve policy has grossly distorted the U.S. housing market in many ways, causing affordable inventory shortages in many markets. [...]

D.R. Horton New Home Orders Miss Expectations With Average Prices At 5-Year Low

Arlington-based D.R. Horton posted some mixed fiscal first quarter results today with the DFW homebuilder missing profit and sales order expectations. D.R. saw rising sales and revenue for the quarter, but even with a huge tax expense reduction and 4.1 million shares repurchased by the company, things didn't quite work out as well as the company might have anticipated. D.R. Horton closed 7 percent more homes in the latest quarter, 11,500, but net sales orders for the period ending in December rose only 3 percent to 11042 homes. That D.R. Horton was able to achieve [...]

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 [...]

Dallas Fort Worth Real Estate Staring At Potential Bear Market

The Dallas-Fort Worth real estate market is looking at a bear of a problem. After the worst Christmas-Eve trading session in history for U.S. stock markets, time is running out for the wise guys on Wall Street to save indices from entering bear market territory. Looking at home prices and sales volumes in the DFW area, it would seem things are still running along fairly normally; however, it could be a mistake to assume the recent softness in home sales is just a blip in an otherwise stabilizing market. We could easily see a rally into [...]

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 [...]

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 [...]

Dallas Fort Worth Employment Growth Solid, Wage Growth Still Lags Real Inflation

Dallas-Fort Worth employment continues to grow, but wage growth is nothing to write home about. The Texas unemployment rate (at least the statistically massaged headline unemployment rate) hit an historic low in October at 3.7 percent. Dallas Fort Worth job growth was still impressive through October according to the latest data from the Texas Workforce Commission. According to the latest numbers there were 3,803,500 people working in the DFW area bringing the unemployment rate for Dallas to 3.2 percent. According to the latest data, Texas has experienced 28 consecutive months of employment growth. This is [...]

By |2018-11-17T21:04:52+00:00November 17th, 2018|Dallas Tx Employment, DFW Real Estate, Economy, Relocation|0 Comments

DFW Adds 10,000 Jobs In June, CPI Still Running Hot

The DFW area tacked on another 10,000 jobs during the month of June according to numbers released by the Texas Workforce Commission. That was more than a third of the 27,200 positions gained in Texas during the month. The unemployment rate for the Dallas-Fort Worth- Arlington MSA posted a 3.8 percent, just slightly below the 3.9 percent figure at this time last year. Midland Texas still held the lowest unemployment rate in Texas at only 2.4 percent. While the Dallas area still posted solid job gains during the month of June, the unadjusted numbers show [...]

DFW Region Posts Solid Job Growth In May

The Dallas-Fort Worth-Arlington (DFW) region posted another month of solid employment gains in May, tacking on an additional 20,200 jobs compared to April according to non-adjusted numbers from the Texas Workforce Commission. For the 12-month period in May, the DFW area has added 122,000 jobs. This kept the official unemployment rate for the Dallas-Fort Worth area at 3.4 percent. Texas added 34,700 seasonally adjusted nonfarm jobs during the month. While job growth remains solid in the DFW area, what's also running hot are DFW prices. The consumer price index for the Dallas MSA posted at [...]

Denton County Home Prices Hit New High In March As Sales Cool

Denton County home prices hit a new record high in March with the average price of a Denton County home posting at just over $360,000. Median home prices for Denton County also hit a new all-time high rising to almost $320,000. That was a jump of 8 percent from March of last year. While home prices throughout the DFW area were hitting new highs at the end of the first quarter, actual closed sales of homes declined 5 percent in March. Denton County saw a similar 5 percent decline in home closings for the month. [...]

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