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Housing Policy

Inventory & Affordability Issues Affecting Real Estate Market

Denton County's real estate market continues to struggle with inventory & affordability issues. While higher than last year, closed sales in North Texas were still hovering near a decade-low in January. Pending home sales in North Texas moved higher for the month, but pending sales contracts were still 10 percent lower-year over year in January. The temporary relief in mortgage rates during the last few months of 2023 translated into additional activity for the housing market. So far in 2024 housing activity remains sluggish. Mortgage rates are bouncing around between 6.5 and 7 percent. Inflation [...]

By |2024-08-13T11:06:04+00:00February 10th, 2024|Denton County Home Prices, Denton County Homes For Sale, Denton County New Homes, Denton County Real Estate, Denton County Relocation, Denton Realtor, Denton Tx Home Prices, Denton Tx New Homes, Denton TX Real Estate, DFW Home Prices, DFW Homes For Sale, DFW New Homes, DFW Real Estate, DFW Relocation, Housing Market, Housing Policy, Monetary Policy, Mortgage Rates|0 Comments
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Fannie Freddie Loan Limits For High Cost Counties Over a $Million in 2023

Fannie Mae and Freddie Mac conforming loan limits will jump to over a $million in January 2023. American taxpayers will be backstopping loans in expensive coastal counties for up to $1,089,300. That's up from the limit of $970,800 this year. Most conforming loans will be subject to the new loan limit of $726,200 in 2023. That's a 12.2 percent increase from the current limit of $647,200. Fannie Mae's Lender Letter (LL-2022-06) explains the nuts and bolts of the new changes. The new tables have the loan limit for single-unit structures in Denton County Texas at [...]

By |2024-05-12T14:47:26+00:00November 30th, 2022|Denton County Real Estate, Denton TX Real Estate, DFW Real Estate, Housing Market, Housing Policy, Monetary Policy, Mortgages|0 Comments
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North Texas Housing Market in Full-Blown Correction Mode

The North Texas housing market is now in full-blown correction mode. The Federal Reserve's housing market "reset" message is finally sinking in. Home sales volumes continue to slide. Home prices in the Dallas-Fort Worth area continue to drop from their blow-off peaks earlier this year. Mortgage interest rates have spiked to seven percent, while the Fed puts the balance sheet roll-off into high gear. The correction in real estate prices has caused many of the larger asset owners, particularly those in the private equity space and the consultants who serve them, to lose their minds. [...]

By |2024-02-13T15:19:58+00:00October 10th, 2022|Denton County Home Prices, Denton County New Homes, Denton County Real Estate, Denton County Relocation, Denton Tx Home Prices, Denton Tx New Homes, Denton TX Real Estate, DFW Home Prices, DFW New Homes, DFW Real Estate, DFW Relocation, Housing Market, Monetary Policy, Mortgage Rates|0 Comments
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North Texas Housing Market – Summer of Denial

The North Texas housing market continued correcting in July. Closed sales were 15 percent lower for the DFW compared to July of last year. Pending contracts also slid lower by a corresponding amount. The median price of a home in the Dallas-Fort Worth market slipped to $389,000, up 16.1 percent year-over-year. Average prices in DFW dropped even more, sliding over $25,000 from the high in June. That may be the high for North Texas home prices for a few years depending on how this cycle plays out. The housing market correction has definitely been noticeable [...]

By |2022-08-10T21:38:28+00:00August 10th, 2022|Denton County Home Prices, Denton County Homes For Rent, Denton County Homes For Sale, Denton County New Homes, Denton County Real Estate, Denton County Relocation, DFW Homes For Lease, DFW Homes For Sale, DFW New Homes, DFW Real Estate, DFW Relocation, Housing Market, Housing Policy, Monetary Policy, Mortgage Rates|0 Comments
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Who Benefits From the Financialization of Housing and Build-to-Rent?

There are countless real estate industry professionals and consultants floating ridiculous narratives regarding single-family rentals and build-to-rent. This is as good a time as any to debunk the "we're filling a need" nonsense. What we're really taking about here is the financialization of housing and the Cantillon Effect. If you are connected to the build-to-rent industry and collect a paycheck from the financialization of single-family housing, okay. No problem with that. Want to ignore the data and look the other way. No problem. It's easy to do. Just don't expect a thinking public with working [...]

By |2022-07-31T16:11:09+00:00July 31st, 2022|Denton County Real Estate, Denton County Relocation, DFW Real Estate, DFW Relocation, Housing Policy, In the Press, Monetary Policy, Politics, Regulation, Spin Cycle|0 Comments
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Powell Fires Warning Shot at the Housing Market

This is a rough transcript of Jerome Powell's remarks on housing during this week's post-FOMC press conference. I apologize for any errors. Powell's remarks on housing come around the 1:51 mark toward the end of the press conference. See video below. It appears Jerome has finally figured out housing inflation is a serious headwind to the Fed's efforts to curtail raging inflation. It makes you wonder what they were looking at for the entirety of 2021 when the Powell Fed was pretending inflation was transitory. Question from Bankrate's Mark Hamrick: I Wonder what your assessment [...]

By |2022-06-16T21:18:02+00:00June 16th, 2022|Denton County Home Prices, Denton County Real Estate, Denton TX Real Estate, DFW Home Prices, DFW Real Estate, Housing Policy, Monetary Policy, Mortgage Rates, Politics, Real Estate, Spin Cycle|0 Comments
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North Texas Home Prices – A Bubble Begging To Be Burst

Jerome Powel and the Federal Reserve are creating another massive housing bubble. The bubble inflated even more in June as the Fed continued with $120 billion per month in asset purchases and the balance sheet hitting $8.1 trillion. The Fed's continued purchases ($40 billion per month) in the mortgage-backed securities market are utterly baffling considering the double-digit housing inflation numbers that keep piling up. So why is the Fed fanning the flames of asset inflation? Here's the primary reason... Lifestyles of the rich and famous Fed officials, most whom are millionaires themselves, are smart enough [...]

By |2021-07-18T11:30:52+00:00July 12th, 2021|Denton County Home Prices, Denton County Homes For Rent, Denton County Homes For Sale, Denton County Real Estate, Denton County Relocation, Denton Tx Home Prices, Denton TX Homes For Lease, Denton TX Homes For Sale, Denton TX Real Estate, DFW Home Prices, DFW Homes For Sale, DFW Real Estate, DFW Relocation, Housing Market, Housing Policy, Monetary Policy, Mortgage Rates|1 Comment
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Powell Inflating the Housing Market with Fed MBS Purchases

Pinocchio Powell has no answer as to why the Federal Reserve is still inflating the housing market with MBS purchases to the tune of $40 billion per month. Despite a ridiculously overheated housing market with no inventory and double-digit price increases the Federal Reserve is going to continue the purchase of mortgage-backed-securities.  The latest FOMC statement and press conference just confirmed more of the same from the Powell Fed. "Overall financial conditions remain accommodative, in part reflecting policy measures to support the economy and the flow of credit to U.S. households and businesses. The path [...]

By |2021-04-29T14:51:31+00:00April 29th, 2021|Denton County Home Prices, Denton County Real Estate, DFW Home Prices, DFW Real Estate, Housing Policy, Humor, Markets, Monetary Policy, Mortgage Rates, Politics, Spin Cycle, Video|0 Comments
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NAR: Existing Home Sales Rise Double Digits

The National Association of Realtors reported existing home sales for August at a seasonally adjusted annual rate (SAAR) of 6,000,000 units. That was up 2.4 percent from July numbers and a 10.5 percent increase from August of last year. According to NAR the median price of an existing home was $310,600 in August.  That's an increase of 11.4 percent from August 2019. The average price of an existing home jumped 8.8 percent from last year to $342,500. August was the 102nd straight month of year-over-year home price gains. Home price inflation is running well ahead [...]

By |2020-09-24T10:49:15+00:00September 22nd, 2020|Denton County Home Prices, Denton County Real Estate, DFW Home Prices, DFW Real Estate, Existing Home Sales|0 Comments
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Texas A Top Destination For International Home Buyers Prior To Covid

Texas was still one of the most popular destinations for international home buyers prior to the Covid outbreak. NAR's latest report for International Transactions in U.S. Residential Real Estate through March 2020 shows that Florida, California and Texas still command the most dollar volume and number of transactions for foreign investment in residential real estate. The most common foreign buyers in Texas included Mexico, India and Brazil heading up the list of countries showing the largest percentage of Texas property purchases through the latest one year period. The total number of transactions and dollar volume [...]

By |2020-08-07T13:51:28+00:00August 7th, 2020|Denton County Real Estate, Denton TX Real Estate, DFW Real Estate, International Real Estate|0 Comments
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Aaron Layman Realtor Denton County Texas Questions? Call me now at
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