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North Texas

North Texas Home Sales Taper Before The Fed

North Texas home sales have tapered before the Federal Reserve. The stellar spring selling season is gone, and now we just have the record high prices along with limited inventory. NTREIS stats show that home sales across the Dallas-Fort Worth area declined for the second month in a row in July. Closed sales were down 15 percent, and pending sales were 10 percent lower. After setting records in June, it appears area home prices have also peaked for the time being. Median and average home prices in North Texas slipped last month but were still [...]

By |2021-08-17T10:07:33+00:00August 10th, 2021|Denton County Home Prices, Denton County Homes For Sale, Denton County New Homes, Denton County Real Estate, Denton County Relocation, Denton Tx Home Prices, Denton TX Homes For Sale, 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, Monetary Policy, Mortgage Rates|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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Denton County Home Price Inflation Breaks New Records

Denton County home price inflation broke new records in May. Median home prices were up 23 percent to a record $395,000. Average prices rose 26 percent to $462,193. That was just shy of the high seen in April. With inventory still sitting near record lows the average percent of list received by home sellers jumped to 104.9 percent in May.  Closed sales rose 18 percent in May, but pending sales were down 13 percent from the same time last year. Pending sales in North Texas were down 7 percent as the market ran out of [...]

By |2021-06-11T19:48:54+00:00June 11th, 2021|Denton County Home Prices, Denton County Homes For Sale, Denton County Real Estate, Denton County Relocation, 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|0 Comments
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Denton County New Home Prices Break Records with Fed’s Inflationary Pump

Denton County new home prices broke new records last month, responding to the Fed's massive $7.92 trillion bubble-blowing balance sheet. While the Federal Reserve continues $120 billion per month in asset purchases ($80 billion in Treasuries and $40 billion in MBS), average new home prices in Denton County hit $477,587. That was a 27.4% jump from the same time a year ago. New home prices have been skyrocketing higher this year as available new home inventory has all but vanished. Closed sales of new construction in Denton County plummeted 30 percent in April. Pending sales [...]

By |2021-05-26T14:49:50+00:00May 25th, 2021|Denton County Home Prices, Denton County New Homes, Denton County Real Estate, Denton County Relocation, DFW Home Prices, DFW New Homes, DFW Real Estate|0 Comments
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North Texas Home Prices Defy Fed’s Transitory Narrative

North Texas home prices continue to defy the Fed's transitory narrative. While Jerome Powell and various FOMC officials waffle back and forth on continued stimulus, DFW homes are becoming more unaffordable. NTREIS figures for April show the median price of a DFW home jumping 17.4 percent to a record $317,000. The average price of a North Texas home hit a new record of $397,582. That was a jump of 26.8 percent from the same time a year ago. Those numbers make a mockery of Powell's ridiculous 2 percent inflation targets over the longer term. Home [...]

By |2021-05-14T15:10:40+00:00May 10th, 2021|Denton County Employment, Denton County Home Prices, Denton County Homes For Sale, Denton County New Homes, Denton County Real Estate, Denton County Relocation, Denton TX Homes For Sale, Denton Tx New Homes, Denton TX Real Estate, DFW Home Prices, DFW Homes For Sale, DFW Real Estate, DFW Relocation, Housing Market, Housing Policy, In the Press, Monetary Policy, Mortgage Rates, Relocation|0 Comments
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New Home Sales Rise in March with Continued Fed Stimulus

New home sales continued at a solid pace in March as the Fed poured more stimulus into the markets. The Census Bureau reported new home sales for March at a seasonally adjusted annual rate of 1,021,000. According to Census figures the median price of a new home rose to $330,800. The average price of a new home hit $397,800. The supply of new homes fell to 3.6 months. Stripping out the adjustments, the inventory situation is much worse than that. Inventory under construction is near normal levels, but completed inventory is at record lows. Massive [...]

By |2021-04-25T12:54:04+00:00April 25th, 2021|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, Mortgage Rates, New Home Sales|0 Comments
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Insanity – Denton County Home Prices Go Parabolic

Denton County home prices went parabolic in March. The median price of a Denton County home rose 16 percent from March of last year. Average prices rose 23.5 percent to a new record of $448,566. The number of homes listed for sale in Denton County crashed 71 percent to only 976 properties. That translates to just 0.7 months of inventory at the current pace of sales. The March figures for closed sales show a 10 percent decrease from a year ago. That's despite a relatively easy year-over-year comparison when Covid put the brakes on the [...]

By |2021-04-19T16:51:05+00:00April 12th, 2021|Denton County Real Estate, Denton County Relocation, 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, Housing Market, Housing Policy, Mortgage Rates|2 Comments
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New Home Sales Soften With Higher Rates and Prices

New home sales softened in February with higher interest rates and record high prices. It didn't help that many markets in the U.S. are still sitting on record low inventories. The Census Bureau reported new home sales for the month of February at a seasonally adjusted annual rate of 775,000 units. That was well below forecasts, but previous months were revised higher. The median price of a new house sold in February 2021 was $349,400. The average sales price of a new home reached a new record high of $416,000. Combine those high prices and [...]

By |2021-03-24T22:01:55+00:00March 23rd, 2021|Denton County Home Prices, Denton County New Homes, Denton County Real Estate, Denton County Relocation, Denton Tx New Homes, Denton TX Real Estate, DFW Home Prices, DFW New Homes, DFW Relocation, Mortgage Rates, New Home Sales|0 Comments
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Denton County Residents Endure Loss and Hardship in Texas Power Grid Failure

Thousands of Denton County residents endured power outages, water outages and other hardships during the past week. Dozens of people have died across the state due to weather-related events, and the federal government has declared Texas a national disaster. The sad part is that the power outages and rolling blackouts leading to loss of life and untold economic damage was largely a preventable, man-made disaster. All the warning signs were there, but the warnings were ignored, and many power generators brushed off the risk of a major winter event in Texas' loosely regulated electricity market. [...]

By |2022-01-05T03:34:57+00:00February 21st, 2021|Denton County Real Estate, Denton TX Real Estate, DFW Real Estate, Energy & Utilities, Politics, Regulation|1 Comment
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Denton County Housing Market Now Dependent On Fed Liquidity

The Denton County housing market is now a dependent of the Fed. Over 3 $trillion in quantitative easing has ramped home prices to record highs while driving inventory to record lows. North Texas housing no longer resembles a normal market. Borrowers can now be in COVID mortgage forbearance for up to 15 months while the Fed is busy blowing another massive asset bubble. The American Enterprise Institute has called out the Federal Reserve for blatantly distorting the housing market, but the Fed is still flooding the system with liquidity. Some FOMC officials are calling for [...]

By |2021-02-11T14:25:50+00:00February 10th, 2021|Denton County Home Prices, Denton County Homes For Sale, Denton County New Homes, Denton County Real Estate, Denton County Relocation, Denton Tx Home Prices, Denton TX Real Estate, DFW Home Prices, DFW Homes For Sale, DFW New Homes, DFW Real Estate, DFW Relocation, Housing Market, Housing Policy, In the Press, Monetary Policy, Mortgage Rates|0 Comments
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Aaron Layman Realtor Denton County Texas Questions? Call me now at
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