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Economics

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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New Home Sales Jump 7 Percent In April But Momentum Is Fading

The Census Bureau reported new home sales in April which rose 7 percent compared to the same time a year ago. Sales (contract signings) for April posted at a seasonally adjusted annual rate of 673,000 units. This was close to expectations, but interestingly the April figure represented a rather large 7 percent drop from revised March numbers. The sales numbers for the previous three months were revised higher. The median price of a new home rose in April to $342,200, while the average price of a new home contracted in April rose to $393700. This [...]

By |2020-03-28T14:39:38+00:00May 23rd, 2019|Denton County New Homes, Denton County Real Estate, Denton Tx New Homes, Denton TX Real Estate, DFW New Homes, DFW Real Estate, Economy, Existing Home Sales, Housing Policy, In the Press, Mortgage Rates, New Home Sales, Politics, Regulation, Spin Cycle, Texas Real Estate|0 Comments
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DFW Contract Activity Cools In April As Stimulus From Lower Rates Fades

DFW contract activity faded in April. Looking at the preliminary sales data for North Texas, it is apparent that the stimulus from the big drop in mortgage rates has run its course. It will be another week or so before we get the official press release numbers, but the data is telling. April was another good month for home sales. Actual closings for home sales showed a robust real estate market in the Dallas-Fort Worth area, but contract signings were another matter. Preliminary sales data indicate that the DFW real estate market is peaking prematurely [...]

By |2020-09-22T15:46:20+00:00May 1st, 2019|Dallas Tx Home Prices, Denton County Home Prices, Denton County Real Estate, Denton Tx Home Prices, Denton TX Real Estate, DFW Home Prices, DFW Real Estate, DFW Relocation, Economy, Housing Policy, Mortgage Rates, Politics, Spin Cycle|0 Comments
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The Truth About DFW Housing Demand

The Dallas Morning News real estate desk just floated an interesting piece on housing demand in the DFW real estate market. According to the regurgitated Zillow source, almost 40 percent of Dallas area homes sold for more than asking price last year, and the median amount buyers paid over asking price was 5.7 percent or $12,023. Fortunately we have data from the North Texas Real Estate Information System to do a quick fact-check on this story. As it turns out Zillow's story doesn't hold water. Looking at the source of the Zillow story showing buyers chomping [...]

By |2018-01-11T15:16:03+00:00January 11th, 2018|Collin County Home Prices, Dallas Tx Employment, 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, In the Press, Spin Cycle|0 Comments
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Texas Realtors Unwittingly Paying For Bad TAMU Economic Research

Texas Realtors are paying for some bad economic research. That's the only conclusion I can come to after looking at the current situation where highly educated economists are giving short shrift to the underlying causes of Texas home price inflation and market distortions. While the Fed has abdicated its responsibility to the American public, TAMU economists seem to be cooperating with the Fed in offering "alternative facts" surrounding the declining affordability of housing and real estate market imbalances. In a previous post I posited a guess as to why this is happening. After looking at [...]

By |2021-04-21T11:24:58+00:00February 8th, 2017|Education, Housing Policy, Politics, Real Estate, Spin Cycle, Video|0 Comments
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Monkey Business – Expert Says Affordable Homes Are Going Away

Affordable homes are going away. With the prospect of rising rates, now is the time to buy a home. That is apparently the opinion of Dr. Luis Torres, a research economist with the Real Estate Center at Texas A&M. Torres, in a rather interesting piece in the Houston Business Journal seems to be confident that Houston's real estate market is on the road to recovery:  “I can say this with some certainty that the worst of the downturn is behind us.” I'm not surprised that HBJ would print a piece like this (after all it is [...]

By |2017-12-22T01:16:40+00:00February 5th, 2017|Economy, Housing Policy, Humor, In the Press, Markets, Mortgage Rates, Real Estate, Spin Cycle, Texas Employment|1 Comment
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